4 ms·
But fully audited and regulated stablecoins like USDC and BUSD exist and operate freely, so this doesn’t seem likely.
by divs1210 4y ago
But fully audited and regulated stablecoins like USDC and BUSD exist and operate freely, so this doesn’t seem likely.
- pjc50 4y agoWho handles the banking for USDC again?
- ceejayoz 4y agoUSDC is not audited. https://www.centre.io/usdc-transparency https://www.centre.io/usdc-transparency > Top five accounting services firm Grant Thornton LLP issues attestations each month on the US dollar denominated reserves that back the USDC tokens in circulation. Same for BUSD: https://paxos.com/busd/ https://paxos.com/busd/ > A top auditing firm will attest to the matching supply of BUSD tokens and underlying U.S. dollars on a monthly basis. Attestations are not audits, in significant and important ways.