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A comment on Coinbase suspending USDC:USD conversions over the weekend. Parent comment

Re:Coinbase suspending USDC:USD conversions over the weekend by capableweb on Saturday March 11, 2023 @07:05AM (#35107612)
Isn't it the same for USDC? USDC is not a traditional cryptocurrency, its issued by a US organization, so I guess this organization would in the same way be protected by USA army, and indirectly USDC as well?
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