USDC is backed by USDC
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Circle is blacked by BackRock faggot it's safe
now Tether on the other hand
LOL?
1 USDC = 1 USDC confirmed
42.1 + 12.5 = 55.6
Translation for retards: USDC is backed by US Treasuries and $13.5 Billion in cash.
Its backed by Goldman Sachs. Thats all you need to know
Nice math, hot shot. Now let's see you do the Rupees conversation.
Looks legit to me
DO NOT REDEEM BECAUSE WE ARE INSOLVENT
The 55b USDC are backed by 55b in cash and treasuries. Are you dense?
treasuries huh
bearish for when the US gov collapses
learn 2 math retards
busd still remains the superior backed stable by far then. 65% backed by US AMERICAN HARD EARNED MILITARY BACKED DOLLARINOS
Kek
the us govt literally can't default on usd debt though, it'll be still cheaper to collapse the usd by printing it out.
IF they had a bank-run they'd be fucked though, would need to sell those securities under their valuation right?
Crypto is a fucking scam jesus. BUSD is ever worse because part of their reserves is backed by BNB
US treasury securities are extremely safe though. I guess the risk comes in what the maturity is on their holdings.
pssst
burn bb
if the us govt collapses, regular usd will be worthless regardless
it's not backed by bnb
there will never be a bankrun, most general consumers money is digital.
What was Goldman doing around 07-08?
>USDC is backed by USDC
Still better than (former) UST
bank run as in people redeeming their USDC en masse
>BackRock