We know USDT doesn’t actually hold a dollar for a dollar. Assuming they even pass an audit, it includes things such as but maybe not specifically real estate that don’t have relatively fixed values.
AFAIK usdc is actually better pegged. Dollars, bonds etc.
The only buyer you need for USDC would be circle or coinbase, you don’t need anyone else.
Edit: I don’t know what the status of the reserves would be should they go bankrupt though. E.g would a non usdc holder have any claim over the billions in usdc in a bankruptcy proceeding.
We know USDT doesn’t actually hold a dollar for a dollar. Assuming they even pass an audit, it includes things such as but maybe not specifically real estate that don’t have relatively fixed values.
AFAIK usdc is actually better pegged. Dollars, bonds etc.
The only buyer you need for USDC would be circle or coinbase, you don’t need anyone else.
Edit: I don’t know what the status of the reserves would be should they go bankrupt though. E.g would a non usdc holder have any claim over the billions in usdc in a bankruptcy proceeding.