USDC recently received a Wells notice from SEC and had to amend their reserves. Still weird behaviour from them overall: they don’t disclose what their short term commercial paper is, its rating or how much of their cash equivalents it us.
Just today in the financial times Tether claimed USDC also issues USDCs backed by crypto.
And they have funny printing patterns: whenever Tether stops printing, USDC starts.
USDC recently received a Wells notice from SEC and had to amend their reserves. Still weird behaviour from them overall: they don’t disclose what their short term commercial paper is, its rating or how much of their cash equivalents it us.
Just today in the financial times Tether claimed USDC also issues USDCs backed by crypto.
And they have funny printing patterns: whenever Tether stops printing, USDC starts.