Re: Impact of USDC - Circle - & other Stable coins. Dangerous.
Stable coins are not a danger to the market, they are a danger to anyone dealing with them!!!
Just quoting myself here...
How do you like the "stable" coins now?
If I remember correctly, people claimed tether was a safe haven, to protect your assets and other stuff like this.
A 8% drop in a matter of hours, the "stable" coin acts like the Bolivar right now
If only they knew..there was consistent accusations of tether being printed in very questionable numbers over a period of time. This is definitely a red flag. Woke up to the to drop this morning, seeing BTC surge in price. I guess a lot of people where moving their assets to other stablecoins like TUSD