Analyse Asia with Bernard Leong cover image

USDC Depegging and what it means for Web3 and Crypto with Cosmo Jiang

Analyse Asia with Bernard Leong

00:00

Bitcoin and Ethereum Price Are Holding Relatively Well With Us

A lot of startups and crypto funds did sell out of their USDC. Many of them did swap for USDT or tether out of panic, which is unfortunate but they realized losses. The smart people, I guess, did exactly what you did, which is turns out buying USDC at 91 cents was nice but buying ETH instead was a much better trade.

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