Wednesday, August 11, 2021

Coinbase amends claims on its website that USDC is backed 1:1 by USD, after Circle disclosed in July that commercial paper and other assets back USDC (Joe Light/Bloomberg)

Joe Light / Bloomberg:
Coinbase amends claims on its website that USDC is backed 1:1 by USD, after Circle disclosed in July that commercial paper and other assets back USDC  —  - Some assets of second-largest stablecoin carry default risk  — Coinbase as late as this month claimed coin is backed by cash



at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Docs: Israeli AI chip startup Hailo is pursuing an urgent IPO via a SPAC merger at a valuation of less than $500M; it was last valued at $1.2B in 2024 (Meir Orbach/CTech)

Meir Orbach / CTech : Docs: Israeli AI chip startup Hailo is pursuing an urgent IPO via a SPAC merger at a valuation of less than $500M; ...