wtf is happening with usdc???

[Gogol]

Anyone has an idea? Just saw it at 0.91$ which is alarming. If you have it, beware!

 

[Crypto Marketing]

https://www.coindesk.com/markets/20...-haywire-after-silicon-valley-bank-collapses/
You're welcome.

 

[ADA Lovelace]

We miss u

 

[Gogol]

https://www.coindesk.com/markets/20...-haywire-after-silicon-valley-bank-collapses/
You're welcome.

There’s always a story behind every crypto scam lol. I hope this is not one of those.

 

[bytebandit]

USDC had collateral assets in SVB

 

[Salamouna]

I got some USDC from a client these days but converted to BUSD directly
so I'm safe now
when you send USDC i found that binance convert it automatically

 

[Thunder Digitals]

I also got a notification from Binance that my LUNA address is gonna expired.

Don't know what's the reason behind.

 

[Gogol]

I got some USDC from a client these days but converted to BUSD directly
so I'm safe now
when you send USDC i found that binance convert it automatically

I actually do the exact same so I am not affected by this, atleast not right now.

 

[Johnik]

USDC should've saved us from Tether, and now it's collapsing...

 

[Salamouna]

I actually do the exact same so I am not affected by this, atleast not right now.

Binance biggest exchange will always protect it's coin

 

[S1LVER32]

kind of ironic that everyone was bashing USDT and USDC was supposedly the transparent one.

 

[cct]

USDC should've saved us from Tether, and now it's collapsing...

It will be back to normal for sure! The current situation proves that USDC is fully reserved and transparent, unlike USDT which is created out of thin air!

 

[mirrorer]

It will be back to normal for sure! The current situation proves that USDC is fully reserved and transparent, unlike USDT which is created out of thin air!

This + SVB had all clients' money in US treasuries, unlike most banks.
They faced a bank run on Friday. It looks like a coordinated attack.
They will liquidate their positions when the market opens and things should be back to normal.

 

[Chris Newman]

EXTREME FUD .... Lots of individuals are converting their crypto to fiat and more MAJOR negative financial related news are expected in the coming weeks, hence expect a major crash in the crypto market soon. BTC will hit the target of US$8000 by the end of this year 2023.

 

[cct]

EXTREME FUD .... Lots of individuals are converting their crypto to fiat and more negative financial related news are expected in the coming weeks, hence expect a major crash in the crypto market soon. BTC will hit the target of US$8000 by the end of this year 2023.

How is your short position going?

 

[cct]

I would long USDC with 100X Leverage right now if I could.
Just sold some USDT for USDC, easy money!

 

[Gogol]

I would long USDC with 100X Leverage right now if I could.
Just sold some USDT for USDC, easy money!

Be careful though. I guess you will make a good profit nevertheless.

 

[HustleTong]

SV Bank went down
That's where they kept some of the cash reserves

 

[LiquidLeads]

RIP to those who use Coinbase Commerce for USDC payments.
According to them it is still 1 USDC for 1 USD.

Do not abuse sellers, ah?

 

[paisawaisa]

I also got a notification from Binance that my LUNA address is gonna expired.

Don't know what's the reason behind.

It is not related to above news.