The backing is probably fine, it's a tokenized T-bill fund, that part's boring and auditable, the real question nobody's asking is who needs the retail liquidity event badly enough to pay CoinDesk for a "you've never heard of us" puff piece.
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Anyone actually verify what's backing this thing or are we just supposed to take their word for it?
The backing is probably fine, it's a tokenized T-bill fund, that part's boring and auditable, the real question nobody's asking is who needs the retail liquidity event badly enough to pay CoinDesk for a "you've never heard of us" puff piece.