Not really. Just look at the press releases, the data, and verify USDC's backing, down to the T-Bill number. The balances don't support a significant risk of de

Not really. Just look at the press releases, the data, and verify USDC's backing, down to the T-Bill number. The balances don't support a significant risk of default outside of a systemic collapse (of which USDC will be the least of our worries). Do I think there is a small chance of a systemic collapse? Sure, the Fed and the Biden administration are completely capable of blundering. Is that risk double digits? Let's be real. Again, even if the real risk is as low as 1-2% (which I think it is), on a risk-adjusted return on a limited/capped amount for 4% ROI short-term trade is not a good use of funds for most portfolios. Kelly Criterion and so forth.