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by spiralx 1658 days ago
> 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.

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.