How does it untether from a buck tho if it's stable?? 😂😂
Discussion
I haven't looked into USDCs balance sheet, but as far as Tether goes, they don't actually back it 1:1 with US Dollars. They're holding commercial paper and treasuries as well. Treasuries are supposed to be stable but they took a big hit last year, went down more than stocks did. That's never happened before in history.
I was looking into all the credit swaps and bonds and treasuries last year but honestly, i don't understand anything 😂😂
