Because no matter how liquid the reserves are, they reserves are only as good as the entity holding them.
@circlepay does do lending, very risky lending which uses #BTC as collateral with up to 135% overcollateralization, problem is BTC has fallen 66%.
$USDC = return-free risk https://twitter.com/DavidDTawi...
因为无论储备的流动性有多高，它们的储备只有与持有它们的实体一样好。
@circlepay确实提供贷款，这是一种风险非常高的贷款，使用#BTC作为抵押品，过度抵押率高达135%，问题是BTC下降了66%。
$USDC=无回报风险https://twitter.com/DavidDTawi...