4 ms·
> a certain percentage of > ...Btc, real estate, or whatever USDC is over-collateralized by cash and US government securities. There is a difference between c
by PKop 4y ago
> a certain percentage of
> ...Btc, real estate, or whatever
USDC is over-collateralized by cash and US government securities. There is a difference between centralized (at least) 1:1 tokens backed by dollars, and "decentralized" algo-stablecoins that use convoluted exchange mechanisms and often lose their peg.
You can deposit USDC at Coinbase, circle, other exchanges and get cash easily.
- zivkovicp 4y agoI did not know that. +1
- SemanticStrengh 4y agoCorrect comments should not be downvoted.
- zivkovicp 4y agoIt's HN, even a slightly unpopular opinion will result in half of your comment history getting downvoted, especially on topics with fanatical followings like crypto. ¯\_(ツ)_/¯
- SemanticStrengh 4y agoIn fact I have a high respect for people that have negative karma accounts because of this