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Comment by anukin

1 day ago

Usdc is backed by US dollar denominated treasuries for most major issuers.

2 comments

anukin

Reply

bandrami  1 day ago

It's broadly agreed that hasn't been the case for a while now, but that at the moment it's better for everybody if we pretend it still is

Hamuko  1 day ago

Is there actually any proof of this or is it Tether-tier magic money?

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