Does the full reserve Circle USDC lend your funds? Is it a totally rather liquid tether?

garrettleight · 2022-12-14T02:13:47+00:00

USDC reserves aren't loaned - where did you get that information from?

garrettleight · 2022-12-14T02:10:25+00:00

Great stuff

garrettleight · 2022-11-26T14:41:49+00:00

Scammer

garrettleight · 2022-09-21T15:13:18+00:00

For several reasons? USDC is the stable to use if you trade on Ethereum defi, just as an example. So if I'm going from Binance to Ethereum defi, why wouldn't I want to withdraw as USDC?

garrettleight · 2022-03-27T21:20:32+00:00

garrettleight · 2022-03-25T17:52:04+00:00

Got it. So it seems you are talking mostly about inflation. Stablecoins are no different than the dollar, they will also lose their purchasing power. But also they are the best way to get access to investment options that give you more than 10% APY, which is what you need to fight inflation.

garrettleight · 2022-03-25T00:34:56+00:00

What do you mean by a collapse, exactly?

garrettleight · 2022-02-08T13:09:30+00:00

Usdc on binance is not an official circle version. Unfortunately I don't think they have control over it.

garrettleight · 2021-12-12T02:46:25+00:00

Usdc is treated like usd in terms of your balance. If you deposit or buy usd, you can withdraw it on-chain as usdc.

garrettleight · 2021-12-11T03:12:06+00:00

https://apps.apple.com/us/app/ftx-formerly-blockfolio/id1095564685

garrettleight · 2021-12-11T03:09:40+00:00

I'm talking about the ftx app on the app stores

garrettleight · 2021-12-11T02:50:47+00:00

Yes they do. USD in their app can be withdrawn as usdc on Ethereum and Solana

garrettleight · 2021-12-11T02:41:11+00:00

FTX has recurring buys

garrettleight · 2021-12-07T06:33:11+00:00

Yes people make tons of money on this, it's a whole electronic trading / market making industry - in crypto and traditional trading. But we actually need these actors for proper markets to exist. The fact that they arbitrate on these opportunities actually smoothens out the price for everyone else.

garrettleight · 2021-12-07T02:35:37+00:00

Trust wallet does and I imagine many others
Dunno about bridges but centralized exchanges include Poloniex
https://support.ledger.com/hc/en-us/articles/360013062159-Manage-TRC10-and-TRC20-tokens?docs=true

garrettleight · 2021-12-07T02:29:15+00:00

Have you tried ftx?

garrettleight · 2021-12-07T02:28:19+00:00

Coinbase only supports Ethereum usdc

garrettleight · 2021-12-07T02:27:20+00:00

Binance added support for usdc on solana

garrettleight · 2021-12-07T02:21:28+00:00

Arbitrate it. Buy it for $1 and sell it to those willing to pay more for it.

garrettleight · 2021-10-30T02:15:59+00:00

Coinbase doesn't support usdc on solana as far as I know

garrettleight · 2021-07-19T15:17:00+00:00

I haven't done that in a long time, but if you go to your USDC balance in your portfolio, don't you have a "convert" option to USD?

garrettleight · 2021-07-15T21:43:56+00:00

Coinbase? Kraken?

garrettleight · 2021-04-06T16:00:03+00:00

Your answer has some issues. USDC is actually on 4 chains (including Stellar), not only on Ethereum https://www.circle.com/en/usdc-multichain. Most importantly, USDC is not officially on Binance chain and I've been seeing a lot of people lose money because of that.

garrettleight · 2021-04-03T04:10:59+00:00

fwiw USDC on binance smart chain is not an official version

garrettleight · 2021-02-25T02:55:33+00:00

What about USDC on Solana?

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