Liberty Farmer on Nostr: Well, it would be open on the ledger, so I'm not sure how they could skim? It's a ...
Well, it would be open on the ledger, so I'm not sure how they could skim? It's a stablecoin. Nobody is going to sell the country $1 stablecoins for less than $1. Circle isn't ever going to say hey, buy 20B worth of USDC for 15B. They are fully regulated and audited on the reserves as well.
And the amount of coins held would be public like all Treasury accounts and balances, debts, ledgers etc are.
I believe he just doesn't have a clue, personally. People likely want it because it is free branding and will get others to buy their BS. That's my guess.
Published at
2025-01-23 22:11:18Event JSON
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