Circle USDC: Be better than Tether. Don’t talk about transparency, show transparency.

October 2018 Attestation
Only US Dollars held in custody accounts. Good.

Where things start to go wrong with USDC.

Still no ambiguous language to be seen here. Good.
No ambiguous language. Cash & US treasuries. Good.
Scroll to 8:28 for the “approved investments” answer.
You can trust me, because if I was doing something illegal I’d be in jail.

That being said…

The BIG Questions for USDC

We’d like to be perfectly clear, too.



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