[dagenix]

seibelj has a link to his twitter account in his profile. On that account, its quite clear he works for Circle. IMO, it's pretty unethical to promote this type of investment without revealing that conflict of interest. It's also par for the course with crypto coins.

[seibelj]

USDC is not a security, anyone can buy it accredited or not without going to a broker dealer. It's an asset backed stablecoin and you don't buy it as an investment, it's a tool to tokenize USD to get it onto the crypto network rails. It also is the #2 stablecoin by marketcap.

I will disclose that I know way more about this industry than all of you commenting that I'm "shilling" as if this is some altcoin scam. Welcome to crypto

[dmix]

FWIW I didn’t find your comment to be ‘shilling’, particularly as you seem to be the crypto technical guy. Most importantly I dont think you sought to gain anything by posting that. I doubt some random comment on HN is shifting the needle on your USDC holdings.

Plenty of people promote their own work on HN as it’s their area of expertise.

But crypto has some baggage attached so people get sensitive.

[floodyberry-]

You definitely come across as an impartial subject matter expert!

[colechristensen]

It is enormously difficult to promote securities legally. Disclosing a conflict of interest is the tip of the iceberg.

[tomatocracy]

Yes. And even if you do all that and stay on the right side of the regulators, you’re not out of the woods. You then have to do additional work to minimise the chance that investors successfully sue you later too if they lose money.

And you need to do all that in every jurisdiction you touch, plus likely the US even if you don’t touch it.

[solveit]

USDC is exactly not an investment, but otherwise you're not wrong.

[teekert]

It could be if your local currency is not USD.

[FDSGSG]

It could be, but it's still dishonest to describe what seibelj was doing as "promoting an investment".