The two largest stablecoins ($USDC & $USDT) colluded together to share US Treasury Bills so Tether could be “fully” backed!? There is data out there that points to this being the case!! Back in 2021 USDC parent company Circle had major issues with their audits including falsely reporting assets. Was this when t-bills were shared with Tether? If true this would be the SCANDAL of the century!!
⏰ Time Stamps ⏰
00:00 Intro: USDC in bed with USDT?
01:17 Digging into the Tether’s Treasury Bill exposure
02:20 Circle’s treasury holdings align with Tether’s
05:34 Digging into Circle’s Treasury Bill exposure
08:09 Circle suspiciously hiding Treasury Bill activity
09:53 Digital Currency Group shady activity behind the scenes
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