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by kryptk
1654 days ago
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As usual with crypto, it's up to the investor to perform due diligence. BUSD as of Oct 29th had a market cap of $13.1B USD which was fully backed by fiat USD held in bank accounts which are audited monthly [1] USDT has a market cap of $74B and has never been fully audited and last released an attestation report in March 2021. [1] https://paxos.com/attestations/ |
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You claim this and then link to a page explicitly labelled attestations - an attestation is not the same thing as an audit. None of the stablecoins have had an actual audit done AFAIK - Tether said they were going to do one, and then their accountant dropped them shortly afterwards.