/biz/ - Business & Finance

>It's pegged goy, everything is fine, we have all the money in the world, don't worry, just keep it USDC.
>1 USDC = 0.994 USD

>Coinbase users reporting that they are having troubles to convert their USDC to USD on Twitter
>Coinbase disabled automatic converts
>US Government openly shutting down banks they are using and asking banks If they are exposed to Crypto
>Company announces that everything is alright
>No audits except company PDF reports
>Billions of sell orders from $1, some people got tired of waiting and sold it from 0.98
>Banks they announced that they switched to down %30 on stock market

As soon as it pegs to $1, It'll go to $0. That's why it'll never repeg because company knows that as soon as it's $1 they are fucked. Have fun with your 0.9X stable coin niggers.