Auditors reveal USDC backing as Jim Cramer sounds alarm over Tether's mad money

[sirty143]

Auditors working for Circle have disclosed the reserves backing the firm’s USDC stablecoin, while Mad Money’s Jim Cramer has questioned Tether’s lack of transparency with its USDT reserves. Multi-national tax advisory firm Grant Horton conducted the audit, and a reserve attestation report was published on July 20... See more for yourself here.

Your opinion is greatly appreciated.

[damsix]

Tether does get an extraordinary touch from various media and this is really very unpleasant in my opinion because Tether gets inappropriate remarks from Jim Cramer.
Crazy Money deserves something very bad including the image and history that occurs because such slogans are very rare for stable money in the digital world.

[kent47400]

This USDC should be supported by all of us because I am sure that this USDC has a higher level of trust than BUSD and Paxos, then that means this USDC has a large market cap and is widespread throughout the cryptocurrency market.
Although there are a lot of problems that come to USDC, but that's why we should keep our funds in USDC a little because USDC is a reliable stable coin.

[jonathancool220]

The battle between USDC and Tether seems to be going on for a long time because USDC can be said to be the eternal rival of Tether or USDT.
It's a shame that USDT is not very passionate about giving honesty because I see this USDT as closing the original supply of their original money and this is certainly what USDC is looking for so that it enters the realm of trial.