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I’m sure I’ve seen an audit before but because Coinbase is a public company all finances have to be released so you should be able to see it there too?
by exdsq 4y ago
I’m sure I’ve seen an audit before but because Coinbase is a public company all finances have to be released so you should be able to see it there too?
- fastball 4y agoUSDC doesn't stand for USDCoinbase it stands for USDCentre, where Centre is a private consortium between Cirlce, Coinbase, and Bitmain. So no, don't think there is any way to see the actual backing.
- unicornmama 4y agoIIRC USDC is run by Circle, a separate legal entity. While CB and Circle might be controlled by the same people, they are not subject to the same legal disclosure requirements. https://en.m.wikipedia.org/wiki/Circle_(company) https://en.m.wikipedia.org/wiki/Circle_(company)
- deleted 4y ago[deleted]
- whimsicalism 4y agoYou are wrong, both USDC and USDT are only attested, however USDC has tried to spin their attestation as an audit.