/biz/ - Business & Finance

Circle is blacked by BackRock faggot it's safe
now Tether on the other hand

>>50356329
LOL?

>>50356329
1 USDC = 1 USDC confirmed

>>50356329
42.1 + 12.5 = 55.6

Translation for retards: USDC is backed by US Treasuries and $13.5 Billion in cash.

>>50356329
Its backed by Goldman Sachs. Thats all you need to know

>>50356462
Nice math, hot shot. Now let's see you do the Rupees conversation.

Looks legit to me

https://twitter.com/jerallaire/status/1547608325478498307/photo/1

>>50356329
DO NOT REDEEM BECAUSE WE ARE INSOLVENT

>>50356329
The 55b USDC are backed by 55b in cash and treasuries. Are you dense?

treasuries huh
bearish for when the US gov collapses

>>50356501
>>50356468

learn 2 math retards

busd still remains the superior backed stable by far then. 65% backed by US AMERICAN HARD EARNED MILITARY BACKED DOLLARINOS

>>50356462
Kek

>>50356553
the us govt literally can't default on usd debt though, it'll be still cheaper to collapse the usd by printing it out.

IF they had a bank-run they'd be fucked though, would need to sell those securities under their valuation right?

Crypto is a fucking scam jesus. BUSD is ever worse because part of their reserves is backed by BNB

>>50356329
US treasury securities are extremely safe though. I guess the risk comes in what the maturity is on their holdings.

>>50358215
pssst
burn bb

>>50356553
if the us govt collapses, regular usd will be worthless regardless

>>50358215
it's not backed by bnb

>>50358113
there will never be a bankrun, most general consumers money is digital.

>>50356477
What was Goldman doing around 07-08?

>>50356329
>USDC is backed by USDC
Still better than (former) UST

>>50358532
bank run as in people redeeming their USDC en masse

>>50356383
>BackRock

USDD is the only stablecoin I trust.

>>50356383
Blackrock just put in 400 million as a strategic partnership
not really enough to backstop $55 billion is it

Are you assholes retarded or just trolling? It literally shows a 1:1 backing

>>50356329
no surprise, it was long known usdc was another scam used to artificially pump the crypto scams

>>50356491
You guys are fucking idiots. "Just trust us goy" We have to demand these jews use Proof of Reserves or they'll never change

>>50359289
DUSD is better

>>50356424
Adolfs hand looks sickly unless he is wearing a weird kind of glove

>>50356329
Wow, someone just learned how balance sheets work. The USDC are on the balance sheet as liabilities, the treasury notes and cash as assets.

Yes, really, OP is that retarded. Check out the market cap of USDC yourself.

>>50358113
that's where you're wrong
a debasement collapse is worse than a default by ORDERS OF MAGNITUDE
read that shit again in case you can't fit it inside your brain
a default would rip the dollar a gaping hole, but would be salvageable
debasement death spiral will obliterate USA into nothingness

>>50356424
Funny, I just went to berghof, where this exact photo was taken.
Did you know that the cuck ass german govt blew up his old house in berchtesgaden, and then just fucking left debris laying around?
I poked aroubd abd found entire fucking bricks from his garage on the side of his house, just chillin.
So now I have a chunk of hitlers garage, in my garage.

>>50360006
the goyslop is giving you glaucoma. it's clearly a glove.