USDC is not truly decentralized. It's issued by a US company that complies with OFAC An example on how this would hurt you is if someone dust attacks your wallet address with a Tornado-linked crypto asset This happened to many famous *.eth people who registers their wallet address through an easy to remember ENS (Ethereum Name Service), i.e. Pekelo.eth
And you guys think this is simple for the Average Joe? I never heard of those. My point is, if you don't like USDC, there are still other stable coins, it would make sense to at least split your holdings in case Tether goes down. And if there are no more trustworthy stable coins than Tether, that says a lot.
Metamask is very easy, try installing it on your cell phone or Google Chrome browser and buy some Eth, USDC or USDT from Coinbase and send to it There was no issue with USDC in the past and I have used it. The problem only started recently with the Tornado cash OFAC ban There's a lawsuit ongoing against that OFAC overreach, but I haven't kept updated By the way, outside of the US, Tether is the preferred stablecoin but you won't believe that if all you read is ET opinions on Tether Yes, I can use other stablecoins and have used MIM and BUSD and other stablecoins, but USDT is the king of liquidity across dexes and cexes If you trade cryptos on exchanges, cexes and dexes, you will know that every crypto asset has a trading pair against USDT and usually has the smallest slippage
Fun-Fact! Alameda was shorting Tether. But.. they should have shorted themselves first. Doh! Another fun-fact: John Jay Rad the third, who is handling the FTX bankruptcy, not only handled the American Enron bankruptcy, but he also handled Canada's Nortel shit-show.