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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 mtlmtlmtlmtl on Saturday March 11, 2023 @12:01PM (#35110210)
Many the mortgage bonds in the 2008 crisis were AAA or AA rated by a "third party". And they were dogshit.

Is it audited by the SEC or some "auditing firm"?

[ Parent | on HN ]
Re:Coinbase suspending USDC:USD conversions over the weekend by basch on Saturday March 11, 2023 @06:15PM (#35113793)
I’ll repeat. How is a stable coin a Ponzi scheme.

A Ponzi scheme pays a dividend or share of fake “revenue.” Stablecoins don’t make money, unless lent out.

[ Parent | on HN ]