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30 sats \ 5 replies \ @bitfolio 11 Mar 2023 \ on: Stablecoin USDC just depegged. 0.93 usd now. edit: 0.91 bitcoin
USDC-USDT reached a low of 0.83 on Binance.us at 23:30. At 1:21, it is 0.97. On binance.us, there is no trading of USDC for USD, only for USDC-USDT.
This really sucks! I have been holding USDC in my wallet. What's next? Synchrony Bank stops doing business with Crypto exchanges? Crypto winter is really cold this cycle.
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0 sats \ 0 replies \ @franzap 11 Mar 2023
Must be quite hard to end up admitting the maxis were right all along
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0 sats \ 3 replies \ @Zazon 11 Mar 2023
Crypto will bleed , bitcoin will go sideways for like 5 years
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28 sats \ 2 replies \ @jeff 11 Mar 2023
I don't think so. I think trust in the system is evaporating quickly.
What is ETH worth, if EVERY STABLE COIN HAS FAILED?
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0 sats \ 1 reply \ @Zazon 11 Mar 2023
Not every you have tether still
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0 sats \ 0 replies \ @jeff 11 Mar 2023
They lost their peg at one point.
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