USDC Depegging and what it means for Web3 and Crypto with Cosmo Jiang
Analyse Asia with Bernard Leong
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USDC and Cryptocurrency - What's the Impact?
USDC has always been viewed as the gold standard for stable coins and almost no one except for the craziest outsider started with falter right. Tether, which is the other large stable point was supposed to be one with the opaque balance sheet, like unclear management unclear ownership but funnily enough, we saw an immediate flight to safety of people swapping all the USDC for tether and tether traded above a dollar. These D pegs always tend to happen on weekends late night east coast hours when most investment managers sit in New York or sit in the US. And none of them are at work when these defects happen so things go extra low and things go extra haywire. It really doesn't
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