USDC / USDT
one of top famous stable coins
unfortunately it de-pegged after circle (issuer of USDC) confirmed that $3.3B of the ~$40B USDC reserves are in collapsed Silicon Valley Bank
Today circle said : they will cover any missing liquidity in Silicon Valley Bank using corporate funds for $USDC
Few hours ago Bitmex launched a perpetual contract on it and Bybit also have USDC perpetual contract which is not a good sign …I remember FTX launched a perpetual contract on UST just before it collapsed
If they couldn’t solve this case soon it can drag all market down like Luna - FTX - Corona crashs (black swan event)
Will USDC return to it’s value or dump will continue?
Share with me your opinion in comments section below
one of top famous stable coins
unfortunately it de-pegged after circle (issuer of USDC) confirmed that $3.3B of the ~$40B USDC reserves are in collapsed Silicon Valley Bank
Today circle said : they will cover any missing liquidity in Silicon Valley Bank using corporate funds for $USDC
Few hours ago Bitmex launched a perpetual contract on it and Bybit also have USDC perpetual contract which is not a good sign …I remember FTX launched a perpetual contract on UST just before it collapsed
If they couldn’t solve this case soon it can drag all market down like Luna - FTX - Corona crashs (black swan event)
Will USDC return to it’s value or dump will continue?
Share with me your opinion in comments section below