Tag: USDC
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What Backs Stablecoins Is Not What You Can Redeem
What backs stablecoins, for the largest dollar tokens, is cash and short-dated U.S. Treasury paper held by a custodian bank. That answers the reserve question and only half of what a holder needs. Backing describes what the issuer owns. Redemption…
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Solana’s $750M USDC Mint Signals a Quiet Stablecoin War
I keep coming back to one question when I see stablecoin issuance numbers spike: who actually benefits when liquidity concentrates on a single chain?