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Being an economist does not mean you automatically know how Circle (a payments company based in the US) issues the ERC-20 token that is called "USDC", or how the redemptions for that work.

You can read about it here: https://www.circle.com/en/usdc and here https://www.centre.io/usdc

You can see centralized and decentralized exchanges with USDC liquidity here: https://www.coingecko.com/en/coins/usd-coin#markets

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This is like suggesting that a mechanic should read some car's owner's manual in order to learn how internal combustion engines work.

Look, don't try derail the conversation. Your claim is that in the event that the issuer of USDC would fail to redeem the tokens, you could still redeem them elsewhere. Explain how that would work.

Okay I think I see what you're saying better now - you're talking about the long term if such thing happens while I was purely thinking "in the moment".

Sorry for the tone, internet discussion can sometimes spin off quite fast just because its a pseudonymous environment. Have a great day!

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