USDC in critical situation !USDC / USDT
one of top famous stable coins
unfortunately it de-pegged after circle (issuer of USDC) confirmed that $3.3B of the ~$40B USDC reserves are in collapsed Silicon Valley Bank
Today circle said : they will cover any missing liquidity in Silicon Valley Bank using corporate funds for $USDC
Few hours ago Bitmex launched a perpetual contract on it and Bybit also have USDC perpetual contract which is not a good sign …I remember FTX launched a perpetual contract on UST just before it collapsed
If they couldn’t solve this case soon it can drag all market down like Luna - FTX - Corona crashs (black swan event)
Will USDC return to it’s value or dump will continue?
Share with me your opinion in comments section below
