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anukin | 27 days ago

Usdc is backed by US dollar denominated treasuries for most major issuers.

discuss

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bandrami|27 days ago

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

Hamuko|27 days ago

Is there actually any proof of this or is it Tether-tier magic money?