Look guys, everything can always be a scam. But the allegations hurled @circlepay from the #tether skeptics (of which I am one) are a bit too aggressive & too early.
Ever since assets climbed above $3bn, attestations have been later and later. That is reasonable ->
Ever since assets climbed above $3bn, attestations have been later and later. That is reasonable ->
Why? Because an auditor (and this is not an audit, but an auditor attesting to it) has a liability, so while it may be easy for them to attest to $400m, the current $16bn might be might more of a risk. Also $USDC is cross-chain; the larger it gets the more difficult to count ->
And yet, we are STILL within the timing of their last release (its still 8 days before it exceeds that and I'd assume it is natural that it will).
So yes - it could be another #crypto scam. It's possible. But saying a Goldman & Coinbased backed venture
->
So yes - it could be another #crypto scam. It's possible. But saying a Goldman & Coinbased backed venture
->
using a Top 5 auditor to provide attestations (#tether used an offshore law firm like 3x) is ALREADY rogue & a scam because report timing is same as before is... laughable & by inference it makes the critics look really stupid on other topics.
So hold your fire maybe, huh? $USDC
So hold your fire maybe, huh? $USDC
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