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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  19 hours 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  21 hours ago

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

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