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by T-A 1943 days ago
USDC is audited monthly to verify that it's backed by real dollars. The reports are public:

https://www.centre.io/usdc-transparency

1 comments

Totally, just a minor quibble, they don't have audits, they have attestations. That's not the same thing, it's much less detailed. I'm not particularly worried about the existence of their backing assets, however, it's just worth noting.

I was referring to the Circle entity in the event of a wheels-come-off situation.