12 sats \ 0 replies \ @om 11 Mar 2023 \ on: Stablecoin USDC just depegged. 0.93 usd now. edit: 0.91 bitcoin
Observe that DAI which is 50% backed by USDC took 100% of the damage. Both USDC and DAI are worth 0.89 as I'm writing this.
"A decentralized stablecoin" they said.