It's a part of the Fiat Ponzi. Let it burn down and enjoy the shitshow. Watching credit markets dry up and the usual MSM bs distraction for the first time as a Bicoiner is better than Hollywood ever could be.

Bitcoiners should be very happy about USDC collapse, since stablecoins are a very strong competitor to BTC (in the short run).

I think any short term dip won't last long. I would like to see Dai and Tether follow suit and break par convincingly. No doubt good for bitcoin long term, just like the end of fiat on ramps will be.

What kind of a bitcoiner is selling their corn when tradfi is on fire ? A speculative trader I guess..and even then...you gonna sell btc and convert to ??? Cash in a bank ? 🤣🤣🤣

usdc lquidity is moving to btc so it will make it more stable itself.