Stable coins aren't so "stable" today, you guys ok?

[Cypherpunk Zero #4027]

I don't know if you guys heard, but Sillcon Valley Bank just died. With it, a lot of USD are frozen.

https://twitter.com/x/status/1634391708837330945

Because of this, stable coins don't have access to the locked 1 to 1 real dollars. This causes some real problems. As you can see, most stable coins lost value:
https://www.coingecko.com/en/categories/stablecoins
What's your plan? Do you own many stable coins? Are you selling? Are you waiting for a bailout?

This is all sorts of fucked

 

[PURSUIT MEDIA]

There is no cause for alarm, we move and crypto lives on

 

[cct]

Just wait it will be back to normal .

 

[HustleTong]

Stay in Fiat
I'm not optimistic about USDT either

 

[LiquidLeads]

sir im not well today I feel not stable..

too much booze?

 

[paisawaisa]

I convert sometimes to USDT for transfers but I am not holding much of it so it will not impact me.

 

[JasonS]

I'm all in crypto, holding only 5% in usdt. So, it doesn't matter to me at all.

 

[achiever2011]

This can cause a big dump in the market. I will keep some funds ready for buying btc at lowered prices.

 

[Kid Coma]

i only hold BTC and ETH so this means nothing to me. Wishing well to anyone who’s had it rough tho.

 

[V]

I don't have any USDT in my account either, but still, people will panic. Let's see how it pans out. I hope it doesn't bring down BTC much.

 

[DerangedWolf]

Crypto lost its actual long-term traction in 2021. I look for the big picture and waiting for it to recover from there with a bull run.

 

[EarnVoice]

USDT is king, love live the king.

 

[TNT_123]

All crypto are for the underground businesses. After the deal is done, let withdraw real money (for ex: usd, euro).

 

[MgicalaEarner]

I don't understand why the hell people risk their money in crypto , crypto is a pure gambling.

 

[SavvyMoney]

I don't understand why the hell people risk their money in crypto , crypto is a pure gambling.

easy money

 

[MgicalaEarner]

easy money

Easy money always comes with big risk.

 

[N1ckG2]

easy money

You forgot to add a word - loss

 

[Nikolaos]

I don't know if you guys heard, but Sillcon Valley Bank just died. With it, a lot of USD are frozen.

https://twitter.com/x/status/1634391708837330945

Because of this, stable coins don't have access to the locked 1 to 1 real dollars. This causes some real problems. As you can see, most stable coins lost value:
https://www.coingecko.com/en/categories/stablecoins
What's your plan? Do you own many stable coins? Are you selling? Are you waiting for a bailout?

This is all sorts of fucked

I've been owning some BUSD seems the most "stable" stablecoin from all that shitty garbage out there.

 

[xReminisce]

I don't know if you guys heard, but Sillcon Valley Bank just died. With it, a lot of USD are frozen.

https://twitter.com/x/status/1634391708837330945

Because of this, stable coins don't have access to the locked 1 to 1 real dollars. This causes some real problems. As you can see, most stable coins lost value:
https://www.coingecko.com/en/categories/stablecoins
What's your plan? Do you own many stable coins? Are you selling? Are you waiting for a bailout?

This is all sorts of fucked

me ok
moved most of my stables back into fiat for the time being
then again, banks can fall to

 

[N1ckG2]

I've been owning some BUSD seems the most "stable" stablecoin from all that shitty garbage out there.

This is actually double damage. You store your money on a crypto exchange and you use their 'stable' coin.