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USDC is an example of a 1-1 backed stablecoin. Circle is just another private company but it is well funded and I think only fully collateralized stablecoins ca
by arthurcolle 4y ago
USDC is an example of a 1-1 backed stablecoin. Circle is just another private company but it is well funded and I think only fully collateralized stablecoins can exist. Algorithmic stablecoins are pure hocus-pocus.