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by fastball 1863 days ago
How is USDC nonsense? If you actually have the associated USD as collateral, it is most definitely not nonsense.
1 comments

A reason to be wary about USDC are that their haven't been audited, just attested https://www.circle.com/en/usdc , and not even recently at that.

Note that attestations are easy to fake: the article mentions the case of Tether

> Failing to complete an audit and settling on an attestation “for transparency”. The morning of the attestation, tether moved $380m from sister company bitfinex into a bank account to pass the verification