Once in a while, a website publishes an article that makes you lose all respect for that website.
For #MoneyWeek, this is that article.
To wit:
"USD Coin (USDC) is a type of stablecoin. 1 USDC is always worth the same as US$1, because it’s pegged to the US $$."
or
"USDC is backed by dollar reserves that are equal to the USDC in circulation."
WTF, right?
Mind you, this silly article was written AFTER the FTX implosion.
How can you now trust them after such drivel?
