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by ceejayoz
1500 days ago
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> Why would Tether collapsing bring down USDC? Theoretically, USDC is backed (or more backed) by dollars. Because they're probably doing similar tricks with reserves and non-audit attestations. https://www.coindesk.com/layer2/2022/03/24/correctly-was-wro... "Grant Thornton has switched from calling the $52.3 billion stablecoin’s reserve accounts 'correctly stated' to the more equivocal 'fairly stated.' Here’s why that matters." |
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