3 ms·Usdc is backed by US dollar denominated treasuries for most major issuers.by anukin 8mo agoUsdc is backed by US dollar denominated treasuries for most major issuers.Hamuko 8mo agoIs there actually any proof of this or is it Tether-tier magic money?bandrami 8mo agoIt's broadly agreed that hasn't been the case for a while now, but that at the moment it's better for everybody if we pretend it still is