USDC - You Don't Save a Coin

I think you have to be bad, shit fucking crazy to be holding any significant amount of USDC right now. I understand like the emerging markets, global South narrative, like people demand dollars in places where they can't get dollars otherwise. And I'm sure a lot of them rely on USDC and that makes sense to me. Like you have no other option. Hopefully they're holding a portion in Bitcoin. Hopefully they understand the risks they're taking and they just want that US dollar exposure. But that can't be, the overwhelming majority has to be big funds, right, that are holding USDC.