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USDC is fully backed by bank deposits and US treasuries, and is issued by a US financial institution (albeit not a bank, but an entity that is overseen by banki
by legutierr 4y ago
USDC is fully backed by bank deposits and US treasuries, and is issued by a US financial institution (albeit not a bank, but an entity that is overseen by banking regulators).
Not all stablecoins are created equal.
- bb88 4y agoHistorically, these guys seem pretty shady. https://coingeek.com/usdc-coinbase-is-involved-with-2-stablecoin-scams/ https://coingeek.com/usdc-coinbase-is-involved-with-2-stable... https://fortune.com/2021/08/12/usd-coin-stablecoin-circle-crypto-coinbase-tether/ https://fortune.com/2021/08/12/usd-coin-stablecoin-circle-cr...