BREAKDOWN: Why Proof-of-Reserves Now

After the events of this week, exchange reserve attestations seem more urgent than ever.

This episode is sponsored by Nexo.io and Circle.

On this edition of “Long Reads Sunday,” a reading of Nic Carter’s 2020 essay “How to Stop the Next Quadriga: Make Exchanges Prove Their Reserves.”

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Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “War” by Enoch Yang. Image credit: Alex_Doubovitsky/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

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