Circle’s Cautious USDC Approach Has Paid Off, Despite Missteps
Last week, by contrast, Circle issued a detailed asset breakdown which, though unaudited, claimed that Circle’s USDC stablecoin is backed entirely by U.S. dollars and highly liquid short-term U.S. Treasury bonds. It’s worth noting here why Circle releasing an unaudited backing report is not the same as Tether issuing an
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