alt Hacker NewsUsdc is backed by US dollar denominated treasuries for most major issuers.
Replies
Hamuko • today at 6:37 AM
Is there actually any proof of this or is it Tether-tier magic money?
Usdc is backed by US dollar denominated treasuries for most major issuers.
Is there actually any proof of this or is it Tether-tier magic money?
It'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