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Even if that's so, saying it's plausible they lied would be putting it kindly
by wly_cdgr 4y ago
Even if that's so, saying it's plausible they lied would be putting it kindly
- vkou 4y agoUnlike the other fly-by-night stablecoin shops, Coinbase's leadership, and their wealth is fully within reach of Uncle Sam's prosecutors. I doubt USDC is undercollateralized. I don't doubt that there are situations where it could depeg, but I don't think anyone ought to be going to jail if it does.