haha, ok, so now we're just quibbling over the definition of short term instead of discussing the concrete question of how volatile USDC's treasuries are? Just replace instances of "short term" with <= 3 months, now are we in agreement?
My point is that your 10% figure is not applicable to the treasuries Circle claims to hold. You can call them whatever you want.
My point is that your 10% figure is not applicable to the treasuries Circle claims to hold. You can call them whatever you want.