OT: Bitcoin, Altcoins, NFT's & All Things Crypto

[Rutgers Chris]

Think it’s possible Tether just threw some money at Cantor Fitzgerald for credibility? Again, they clearly don’t have $100b under management, so who cares if CF can vouch for $600m? That’s pennies compared to what allegedly exists.

As for USDC, it’s $33b but their market cap is $39b. They also have not submitted to a full audit, but regardless I’m far less concerned about Circle ripping open a hole in the financial system than other bad actors even if they create just a little hole.

My stable coin take is not wrong until those who issue stables prove they’re backed by dollars, otherwise it’s just a bunch of counterfeits. Should I be able to buy stock with USDWVU2010 coins backed by trust me bro?

$33b in reserves, $6b in reserve banks.
https://www.circle.com/transparency. They’re as transparent as can be, you just ignore it because it blows up your narrative.

You’re a little mixed up, Cantor invested $600b in Tether. They verified they hold they hold the majority of their t-bills, not just $600b.

 

[xWVU2010x]

$33b in reserves, $6b in reserve banks.
https://www.circle.com/transparency. They’re as transparent as can be, you just ignore it because it blows up your narrative.

Again, Im not totally discounting USDC, if they have it they have it, just do an audit and I’m good, but I’m fairly confident there is little shadiness but since they won’t do an audit, i figure something is slightly off.

You’re a little mixed up, Cantor invested $600b in Tether. They verified they hold they hold the majority of their t-bills, not just $600b.

$600m not $600b. Their market cap is presently $133b. $600m is nothing compared to what they are allegedly holding with 20 employees.

 

[Rutgers Chris]

Again, Im not totally discounting USDC, if they have it they have it, just do an audit and I’m good, but I’m fairly confident there is little shadiness but since they won’t do an audit, i figure something is slightly off.


$600m not $600b. Their market cap is presently $133b. $600m is nothing compared to what they are allegedly holding with 20 employees.

CEO of Cantor- “I manage many, many of their assets. […] From what we’ve seen, and we did a lot of work, they have the money they say they have.”

For you to be right, he’s lying. The company you want to do the audit. If he’s lying, the audit could be a lie too.

 

[xWVU2010x]

CEO of Cantor- “I manage many, many of their assets. […] From what we’ve seen, and we did a lot of work, they have the money they say they have.”

For you to be right, he’s lying. The company you want to do the audit. If he’s lying, the audit could be a lie too.

Lol if he’s managing $600m that’s 4.5% of his book of business, so I would imagine he thinks that’s “a lot”. Hes not lying, he just doesn’t know where the other 132b dollars are, it’s not his job to know.