USDC DEPEG GENERAL

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USDC DEPEG GENERAL Anonymous Sat Mar 11 02:21:16 2023 No.54028262 [Reply] [Original]

It's over bros. I'm selling all of my USDC.

>>	Anonymous Sat Mar 11 02:25:29 2023 No.54028345 Bros, 1/6 of 25% of these non-T bill cash reserves may be in danger. How will we survive?

>>	Anonymous Sat Mar 11 02:26:49 2023 No.54028364 >>54028345 The actual risk is irrelevant. It's the perceived risk that may cause disaster. In crypto, everyone is a retard.

>>	Anonymous Sat Mar 11 02:28:34 2023 No.54028399 >>54028262 It literally just finished re-pegging.

>>	Anonymous Sat Mar 11 02:29:54 2023 No.54028422 >>54028399 Coingecko says otherwise.

>>	Anonymous Sat Mar 11 02:30:41 2023 No.54028448 >>54028262 man I thought ponzi schemes went on forever until you run out of new investors. I wonder what happened…

>>	Anonymous Sat Mar 11 02:31:56 2023 No.54028467 >>54028422 See for yourself https://www.tradingview.com/chart/?symbol=BITSTAMP%3AUSDCUSD

>>	Anonymous Sat Mar 11 02:32:40 2023 No.54028481 >>54028422. https://www.geckoterminal.com/eth/pools/0x88e6a0c2ddd26feeb64f039a2c41296fcb3f5640?utm_medium=referral&utm_source=coingecko&utm_campaign=livechart-btn Aggregators are usually 15+ minutes behind.

>>	Anonymous Sat Mar 11 02:33:12 2023 No.54028495 >>54028467 >https://www.tradingview.com/chart/?symbol=BITSTAMP%3AUSDCUSD >bitstamp

Anonymous Sat Mar 11 02:33:21 2023 No.54028496

>>54028364
Not for a fully backed stablecoin. Well minus their SVB exposure. If they have 5% reserves in SVB, in the like 10% chance SVB doesn't get bought or bailed out, they take a 20% haircut pessimistically, leaving them with like a 1% shortfall. Not to mention USDC generations billions in profit/year from the interest on reserves so circle's investors would likely just shore that up.

>>	Anonymous Sat Mar 11 02:33:38 2023 No.54028503 >>54028495 You can click on the pair and look at any exchange you want.

>>	Anonymous Sat Mar 11 02:33:46 2023 No.54028509 >>54028448 literally someone cashed out and gave the middle finger to all the other faggots left in the car fire

>>	Anonymous Sat Mar 11 02:34:38 2023 No.54028532 >>54028495 That said, I have no idea if it's safe to stay in USDC.

>>	Anonymous Sat Mar 11 02:41:41 2023 No.54028678 >>54028532 Yes it is you retards, it wont depeg. The value of the dollar might crash and burn but usdc will not depeg because it is an actual legitimate 1:1 collateral. That said, if the dollar crashes and youre holding usdc youre fucked too

>>	Anonymous Sat Mar 11 02:43:00 2023 No.54028703 >>54028678 It's actually .96:1 now :)

>>	Anonymous Sat Mar 11 02:44:19 2023 No.54028723 File: 395 KB, 511x673, 1675216202527482.png [View same] [iqdb] [saucenao] [google] >>54028678 I love how retarded you cointards are.

>>	Anonymous Sat Mar 11 02:44:25 2023 No.54028725 >>54028496 this, im holding usdc, fuck all of you retards fuding

>>	Anonymous Sat Mar 11 02:45:12 2023 No.54028743 >>54028532 its safe, not a single fucking argument has made to convince its not safe.

>>	Anonymous Sat Mar 11 02:45:46 2023 No.54028751 >>54028703 t. illiterate

>>	Anonymous Sat Mar 11 02:46:16 2023 No.54028757 >>54028703 Pretty much impossible because SVB is probably mostly solvent.

>>	Anonymous Sat Mar 11 02:47:07 2023 No.54028772 File: 1.26 MB, 473x261, 1676261526745680.gif [View same] [iqdb] [saucenao] [google] >>54028725 Good luck!

>>	Anonymous Sat Mar 11 02:48:08 2023 No.54028790 >>54028723 >he said without contributing himself

>>	Anonymous Sat Mar 11 02:48:41 2023 No.54028804 File: 62 KB, 1132x632, 1658209912059299.png [View same] [iqdb] [saucenao] [google] >>54028725 >>54028743 >loyalty to a blackrock fuckin stablecoin

>>	Anonymous Sat Mar 11 02:48:43 2023 No.54028805 >all the shills itt When biz tells me its heckin happening and this is the end I sleep. But all these nothing to see here posts make me certain its fucking over for real.

>>	Anonymous Sat Mar 11 02:50:18 2023 No.54028833 >>54028805 Coinbase is doing damage control right now

>>	Anonymous Sat Mar 11 02:51:31 2023 No.54028847 you can see the real price on curve directly no need to wait for aggregators

>>	Anonymous Sat Mar 11 02:51:54 2023 No.54028853 >>54028833 can coinbase just die so I can retire off of my puts thanks.

>>	IT COULD BE WORSE Sat Mar 11 02:52:20 2023 No.54028864 File: 655 KB, 664x518, fuggme.png [View same] [iqdb] [saucenao] [google] >>54028723 stable

>>	Anonymous Sat Mar 11 02:52:29 2023 No.54028867 >>54028805 but OP literally made a thread telling you it's the heckin end

>>	Anonymous Sat Mar 11 02:53:13 2023 No.54028881 File: 32 KB, 465x452, image_2023-03-10_235305430.png [View same] [iqdb] [saucenao] [google] >>54028399 >>54028422 >>54028467 >>54028481 >>54028703

>>	Anonymous Sat Mar 11 02:54:57 2023 No.54028910 File: 16 KB, 1380x102, image_2023-03-10_235454288.png [View same] [iqdb] [saucenao] [google] HOLY FUCK I AM MAKING SO MUCH FUCKING MONEY LMAOOOOOOOOO I HADN'T EVEN CHECKED THE VOLUME

>>	Anonymous Sat Mar 11 02:55:05 2023 No.54028912 >>54028867 And then the shills showed up. If this was fake, real biz anons would be using it to bait newfags into panic selling. Instead we have a bunch of shill making reddit posts about muh no argument.

>>	Anonymous Sat Mar 11 02:55:58 2023 No.54028926 File: 2 KB, 150x134, image_2023-03-10_235523634.png [View same] [iqdb] [saucenao] [google] T W O B I L L Y

>>	Anonymous Sat Mar 11 02:56:14 2023 No.54028931 I feel LUNA vibes again

>>	Anonymous Sat Mar 11 02:56:29 2023 No.54028937 >>54028912 Look at the board. It's nothing but USDC spam about muh depeg.

>>	Anonymous Sat Mar 11 02:57:16 2023 No.54028949 >>54028678 But where is that collateral held? Is that institution stable during a major meltdown?

>>	Anonymous Sat Mar 11 02:57:55 2023 No.54028958 >>54028910 send some or it's fake 0x81C93FaC33390569Dbbac4773a91A6b73C4Ba1bc

>>	Anonymous Sat Mar 11 02:58:10 2023 No.54028964 File: 76 KB, 651x960, Lael-Brainard-1.jpg [View same] [iqdb] [saucenao] [google] >>54028864 2%. Expeditiously. Now come here and suck on mommies feminine penis.

Anonymous Sat Mar 11 02:58:26 2023 No.54028967

>>54028881
It doesn't really matter because you can redeem USDC 1:1 for a dollar. For now of course. The only thing that matters is if they run out of liquid cash and have to stop redemption until their treasuries mature. Then the peg can slip in the short term but eventually you are guaranteed to be able to redeem 1 USDC for $1 its just a matter of time. If they did hold a lot in SVB and SVB is significantly underwater then it may only be 98 cents on the dollar, or w/e.

>>	Anonymous Sat Mar 11 02:59:02 2023 No.54028982 >>54028772 >>54028804 seeethe more, im not an irrational pussy like you, go ahead and explain in detail why its over without being a schizo

>>	Anonymous Sat Mar 11 02:59:59 2023 No.54028999 >>54028967 It's not instant anymore. Coinbase put in a week delay for cashing out your USDC. Which is to say, they don't intend to let you exchange it if it crashes.

>>	IT COULD BE WORSE Sat Mar 11 03:00:05 2023 No.54029003 File: 1.87 MB, 700x700, blackbetty.png [View same] [iqdb] [saucenao] [google] >>54028964

>>	Anonymous Sat Mar 11 03:00:10 2023 No.54029005 File: 69 KB, 574x537, Web capture_11-3-2023_25935_web.telegram.org.jpg [View same] [iqdb] [saucenao] [google]

>>	Anonymous Sat Mar 11 03:01:17 2023 No.54029028 File: 431 KB, 370x498, vladimir-putin-wink.gif [View same] [iqdb] [saucenao] [google] >>54028982 7% 2 year. QT. Easy peasy.

>>	Anonymous Sat Mar 11 03:05:43 2023 No.54029104 File: 2.11 MB, 220x190, 1665785717421609.gif [View same] [iqdb] [saucenao] [google] >>54029003 Ill squeeze you with my thighs like you like it. Turn you into Grandpa Smurf looking ass while you 50 bps all over the sheets

>>	Anonymous Sat Mar 11 03:07:04 2023 No.54029130 >>54028345 USDC will become a $0.96 stablecoin.

Anonymous Sat Mar 11 03:08:14 2023 No.54029148

>>54028999
You can convert instantly. If they add a delay like I said its just a matter of time. All their treasures mature in a few weeks, and maybe there is a few % stuck in SVB IF circle has a large % of its cash in SVB and IF SVB is underwater and IF SVB isn't bought out, IF SVB isn't bailed out, IF Circle backers don't cover and gap.

>>	IT COULD BE WORSE Sat Mar 11 03:10:09 2023 No.54029183 File: 3.77 MB, 320x240, getvaxxd.gif [View same] [iqdb] [saucenao] [google] >>54029104 >my safeword is transitory

>>	Anonymous Sat Mar 11 03:11:12 2023 No.54029201 File: 480 KB, 750x1280, 1426871E-8B48-43EF-9DE6-750678505B71.jpg [View same] [iqdb] [saucenao] [google] >>54028725 >https://www.weforum.org/organizations/circle-internet-financial Get fucked WEF stooge

>>	Anonymous Sat Mar 11 03:12:13 2023 No.54029218 >>54028805 >/biz/ Funny how “biz” warned everyone of FTX weeks before withdrawals became disabled

>>	Anonymous Sat Mar 11 03:12:52 2023 No.54029230 >>54028937 Ok Im back from looking at the board. There is one other fucking usdc thread up right now

>>	Anonymous Sat Mar 11 03:13:30 2023 No.54029239 File: 1.75 MB, 498x498, 1671903958591401.gif [View same] [iqdb] [saucenao] [google] >>54029183

>>	Anonymous Sat Mar 11 03:13:44 2023 No.54029242 >>54029005 Elon is such a faggot

>>	Anonymous Sat Mar 11 03:14:39 2023 No.54029255 File: 588 KB, 1152x746, Capture.png [View same] [iqdb] [saucenao] [google] >>54029230 Meds.

>>	Anonymous Sat Mar 11 03:27:40 2023 No.54029520 File: 40 KB, 629x635, 1658465893596740.png [View same] [iqdb] [saucenao] [google] >>54028982 Because line go down, Sir.

>>	Anonymous Sat Mar 11 03:29:37 2023 No.54029547 Lol they just tweeted, $3.3 bil at SVB. So this is basically a nothing burger.

>>	Anonymous Sat Mar 11 03:31:01 2023 No.54029578 >>54029547 What are USDC's total reserves? Isn't the marketcap $50b or so?

>>	Anonymous Sat Mar 11 03:32:24 2023 No.54029608 CEASE THIS AT ONCE SELL YOUR US TREASURIES BACKING USDC YOU FUCKING KIKES AND STABILISE THE STABLE COIN RIGHT NOW

>>	Anonymous Sat Mar 11 03:33:17 2023 No.54029628 >>54028926 >volume

>>	Anonymous Sat Mar 11 03:33:34 2023 No.54029637 >>54029578 Circle’s investment is FDIC insured. The money will be paid back by next week. Jesus can you niggers calm down

>>	IT COULD BE WORSE Sat Mar 11 03:33:48 2023 No.54029640 File: 1.21 MB, 2304x1336, pools_closed.png [View same] [iqdb] [saucenao] [google] >>54029608 gonna have to wait til sunday

>>	Anonymous Sat Mar 11 03:33:59 2023 No.54029641 >>54029578 about $43bil, it basically means $3.3b of that is illiquid for potentially the next couple weeks

>>	Anonymous Sat Mar 11 03:35:03 2023 No.54029659 https://twitter.com/circle/status/1634391505988206592?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet Here's the tweet. $3.3B of $40B reserves still stuck at SVB.

>>	Anonymous Sat Mar 11 03:37:45 2023 No.54029688 >>54029242 Go back to plebbit you literal facist

>>	Anonymous Sat Mar 11 03:40:04 2023 No.54029733 I just arbitraged. Bought usdc at 0.95. Am I a banker now

>>	Anonymous Sat Mar 11 03:41:05 2023 No.54029751 >>54029733 You are going to make an ez 5% or get rekt, so yes.

>>	Anonymous Sat Mar 11 03:57:22 2023 No.54030066 Time to crash this fucking peg. No Survivors.

>>	IT COULD BE WORSE Sat Mar 11 04:01:08 2023 No.54030157 File: 1.41 MB, 350x272, bepis.gif [View same] [iqdb] [saucenao] [google] is two cents a lot of money in crypto world?

>>	Anonymous Sat Mar 11 04:04:16 2023 No.54030213 >>54030157 wot is lava ridge?

>>	Anonymous Sat Mar 11 04:06:28 2023 No.54030254 Tether only has 3% of their reserves on cash and is pumping. USDC has +90% reserves on cash and will collapse. > Crypto is full retard

>>	Anonymous Sat Mar 11 04:07:07 2023 No.54030264 >>54029733 1 USDC IS 0.93 CENTS. NICE TRADE BRO. THE BIZ WAY

>>	Anonymous Sat Mar 11 04:08:13 2023 No.54030287 Please explain to me why a stablecoin who's sole purpose is to be pegged to the US dollar isn't 100% in cash? Why is USDC only 25% cash backed? Who decided this was acceptable?

>>	IT COULD BE WORSE Sat Mar 11 04:11:35 2023 No.54030352 File: 385 KB, 486x543, onlyputs.png [View same] [iqdb] [saucenao] [google] >>54030287 it's in treasury bonds "cash", maybe the bond market is exploding, how long have you been asleep?

>>	Anonymous Sat Mar 11 04:11:53 2023 No.54030361 Well I'm probably out of a job. My company held a good portion of its assets in USDC

>>	Anonymous Sat Mar 11 04:12:37 2023 No.54030372 >>54030287 Because you can't hold billions in cash, or even millions or thousands safety. Bank deposits are not cash. Its funny because the short term treasuries are actually proving to be far safer than the bank deposit "cash."

>>	Anonymous Sat Mar 11 04:13:42 2023 No.54030393 >>54030254 Because no one knows where tether has their money. Centralized banking is anti-transparency. You get punished for it. Its about blind trust and ignorant bliss.

>>	Anonymous Sat Mar 11 04:15:10 2023 No.54030421 >>54030287 stablecoins are just another grift that will be exposed by this bankrun

>>	IT COULD BE WORSE Sat Mar 11 04:15:31 2023 No.54030427 File: 510 KB, 865x823, reitdivvy.png [View same] [iqdb] [saucenao] [google] >>54030372 but that's where the cash in usdc is anon that's why it works, it's backed in tbills aka short term treasuries aka cash

Anonymous Sat Mar 11 04:18:41 2023 No.54030474

>>54030427
Yeah USDC is fully backed in dollar denominated assets minus the 3.3 bil they have in SVB which may be anywhere from 0-100% recoverable. I'm just saying when people say "cash" they seem to include bank deposit accounts but not tbills. But tbills are ending up being far safer than banks despite not being called "cash."

>>	Anonymous Sat Mar 11 04:19:41 2023 No.54030492 >>54030474 just to add, tbills are closest thing you can get to having an account at the fed. its like a bank account at the government but you can't withdraw for a few weeks. A bank accounts with "cash" in it an IOU from the bank.

>>	IT COULD BE WORSE Sat Mar 11 04:22:23 2023 No.54030530 File: 2.78 MB, 420x640, slavaukr.webm [View same] [iqdb] [saucenao] [google] >>54030474 3.3bil is not usdc market cap tho?

>>	Anonymous Sat Mar 11 04:22:36 2023 No.54030535 >USDC can no longer be redeemed on the coinbase main site Better take your 8% loss now by swapping than be down the whole shebang.

>>	Anonymous Sat Mar 11 04:23:07 2023 No.54030544 Made over 80k USD arbing between Poly and ETH over the last couple of hours. Problem is I'm tired as fuck but there's so much money to be made

>>	Anonymous Sat Mar 11 04:23:53 2023 No.54030557 were back usdc marines oooooo wagmi! 1$ eoy

>>	Anonymous Sat Mar 11 04:23:59 2023 No.54030560 >>54030544 What did you swap? Don't go down with the ship.

>>	IT COULD BE WORSE Sat Mar 11 04:24:16 2023 No.54030565 File: 1.14 MB, 480x480, wet_pussy.webm [View same] [iqdb] [saucenao] [google] >>54030474 >>54030530 oh it's 8% so usdc under .92 is a steal?

>>	Anonymous Sat Mar 11 04:25:09 2023 No.54030584 File: 208 KB, 3500x574, merchantonsuiwatch.png [View same] [iqdb] [saucenao] [google] Just shorted it by borrowing it from AAVE, thanks anon.

>>	Anonymous Sat Mar 11 04:26:08 2023 No.54030607 >>54028262 Has anybody else notices the 4chan contagion going on? Every (active) board is super cynical and depressing right now, even if they're not talking about money.

>>	IT COULD BE WORSE Sat Mar 11 04:27:38 2023 No.54030635 File: 2.97 MB, 290x280, graff.gif [View same] [iqdb] [saucenao] [google] >>54030607 quarantine brain

>>	Anonymous Sat Mar 11 04:27:48 2023 No.54030640 >>54030607 >now

>>	Anonymous Sat Mar 11 04:28:57 2023 No.54030667 File: 26 KB, 671x603, 1678508561391713.png [View same] [iqdb] [saucenao] [google] TRIPLE CAUTION TRIPLE CAUTION TRIPLE CAUTION SAMIR YOU ARE BREAKING THE USDC >Shuddup Vitalik

Anonymous Sat Mar 11 04:29:45 2023 No.54030679

>>54030565
8% is locked up in SVB, which most likely will be recovered and probably in the worse case scenario lose like 30%. but theoretically it could be more and its liquid until the SVB stuff plays out.

but there's a bunch of people complaining about their payroll not being processed so I think the gov will speed it up.

>>	Anonymous Sat Mar 11 04:35:42 2023 No.54030802 AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

>>	Anonymous Sat Mar 11 04:49:09 2023 No.54031066 >>54030640 You're right I guess. Don't remember the last time using this site made me feel good, around 2015 I guess. Haven't had a sensible chuckle in years. I used to literally LMAO reading 4chan all night.

>>	Anonymous Sat Mar 11 04:50:51 2023 No.54031102 >>54029628 yes bro CRV holders make money on volume

>>	Anonymous Sat Mar 11 04:51:52 2023 No.54031124 >>54030157 bro someone just swapped 2 million for 5 cents https://twitter.com/0xfoobar/status/1634407703425560576

>>	Anonymous Sat Mar 11 04:56:03 2023 No.54031194 File: 9 KB, 600x404, PSA-182-Hans-Wendt.jpg [View same] [iqdb] [saucenao] [google] >>54028262 >DONT SINK >BANK-ANGLE... BANK-ANGLE >SINK RATE >OVERSPEED... OVERSPEED >PULL-UP... PULL-UP... PULL-UP >TOO LOW - TERRAIN... TOO LOW - TERRAIN

>>	Anonymous Sat Mar 11 04:57:50 2023 No.54031230 File: 292 KB, 678x452, bart_no_usdc_tether.png [View same] [iqdb] [saucenao] [google]

>>	Anonymous Sat Mar 11 04:58:32 2023 No.54031242 >>54031124 That's because they tried to swap a fucking LP token through uniswap, instead of removing liquidity on curve, basically an LP of an LP with 5 cents of liquidity which they tried to trade 2mil though. lmao

>>	Anonymous Sat Mar 11 05:03:07 2023 No.54031314 File: 44 KB, 570x556, tJcbEXT1fQlaF2J7oO1eT4Kl_large.jpg [View same] [iqdb] [saucenao] [google] >>54028262 Brought to you by BlackCock. >Full KikeYourCustomer enabled (TM)

>>	Anonymous Sat Mar 11 05:04:13 2023 No.54031333 File: 114 KB, 735x849, 2023-03-10_23-58-44.jpg [View same] [iqdb] [saucenao] [google] Okay, it's fucking over.

>>	Anonymous Sat Mar 11 05:05:28 2023 No.54031361 >>54031333 Where can I short Curve?

>>	Anonymous Sat Mar 11 05:05:37 2023 No.54031364 >>54031333 What's next? Fun stuff?

Anonymous Sat Mar 11 05:06:55 2023 No.54031389

Quick fucking question. Stable coins exist to move value right? Help facilitate the transfer of your dollars in the crypto space. my questions is WHY THE FUCK DO SOME OF YOU LEAVE YOUR MONEY SITTING IN STABLE COINS. What's the point? Buy a shitcoinor cash it out

>>	Anonymous Sat Mar 11 05:07:18 2023 No.54031400 >>54031361 AAVE, borrow with USDT colletral, sell borrowed USDC for USDT

>>	Anonymous Sat Mar 11 05:13:09 2023 No.54031527 >>54028262 What speaks against a US dollar stablecoin that only holds 4-week to 13-week T-Bills?

>>	Anonymous Sat Mar 11 05:16:19 2023 No.54031615 >>54031400 I do this already and bobos told me its retarded

>>	Anonymous Sat Mar 11 05:16:43 2023 No.54031621 >>54031527 They should do that, and just have it so when you redeem you get it in 4 weeks. SVB held 10 year treasures so holding t bills would have been way safer than a bank account.

>>	Anonymous Sat Mar 11 05:17:32 2023 No.54031639 File: 100 KB, 1656x580, basedbinance.png [View same] [iqdb] [saucenao] [google] Holy KEK, binance adds USDC/USDT spot pair. You know what to do.

>>	Anonymous Sat Mar 11 05:18:21 2023 No.54031654 >>54031527 >>54031621 >usa defaults you are rugged hahahahahaha

>>	Anonymous Sat Mar 11 05:19:55 2023 No.54031686 >>54031361 please short CRV with everything you have

>>	Anonymous Sat Mar 11 05:20:13 2023 No.54031688 >>54031615 Only ~%1 of traders makes money, wonder why...

>>	Anonymous Sat Mar 11 05:20:17 2023 No.54031689 >>54028262 I know there’s an anon that’s long term shorting USDT. Was he also shorting USDC? If so, what a Chad

>>	Anonymous Sat Mar 11 05:20:25 2023 No.54031694 >>54031654 You'll see war before a default ever happens, sperg.

>>	Anonymous Sat Mar 11 05:20:25 2023 No.54031695 >>54031654 If the usa defaults then the dollar is worthless no matter where you hold it.

>>	Anonymous Sat Mar 11 05:20:36 2023 No.54031702 >>54031639 So they're buying up the cheap USDC to arbitrage

>>	Anonymous Sat Mar 11 05:22:32 2023 No.54031736 >>54031702 Maybe CZ's worried about a shitstorm if USDC loses peg.

>>	Anonymous Sat Mar 11 05:24:02 2023 No.54031762 File: 233 KB, 2336x610, AbsoluteStatusOfUSDC.png [View same] [iqdb] [saucenao] [google] >>54031702 >Cheap USDC KEK, stay poor

>>	Anonymous Sat Mar 11 05:24:02 2023 No.54031763 >>54031654 No point in offering a USD stablecoin if the entire US monetary system has collapsed, numbnuts.

>>	Anonymous Sat Mar 11 05:24:15 2023 No.54031765 >>54031736 USDC already lost peg. To get back the peg they need to regain control of that 3.3 billion.

Anonymous Sat Mar 11 05:26:43 2023 No.54031808

>>54031736
>USDC is about to depeg
>Banks starts to fail one or another
>Coinbase stops people from Trading USDC to USD
>Binance adds pair

Which means CZ believes USDC will depeg completely and he adds pair to prove it, otherwise crooked Coinbase and others will tell you it's $1 while they are insolvent as fuck. When CZ makes up his mind, it's decided. Sell everything to short USDC to make it.

>>	Anonymous Sat Mar 11 05:27:17 2023 No.54031825 >>54029242 You've been brainwashed by the mainstream media yo

>>	Anonymous Sat Mar 11 05:29:09 2023 No.54031867 >>54028262 silvergate and signature also 3 out of 6 are fucked

>>	Anonymous Sat Mar 11 05:30:54 2023 No.54031891 >>54031762 >>54031867 They dodged silvergate, and they got hit by SVB because their wires yesterday never went though. They are probably out of signature by now given this shitshow.

>>	Anonymous Sat Mar 11 05:36:15 2023 No.54031983 >>54028262 y'all know this shits gonna repeg by next week

>>	Anonymous Sat Mar 11 05:37:23 2023 No.54032010 >>54031825 Elon is a faggot though. You've been brainwashed into thinking he's not a faggot purely because libs turned on him. He was always a faggot when they liked him and he's a faggot now too.

>>	Anonymous Sat Mar 11 05:40:04 2023 No.54032052 Holy fuck these candles are volatile AF

>>	Anonymous Sat Mar 11 05:47:27 2023 No.54032170 >>54031983 If it doesn't repeg by monday, it's going to be a mass self off to coinbase.

>>	Anonymous Sat Mar 11 05:48:58 2023 No.54032186 Fuck that's tough.... onto RAI I guess

>>	Anonymous Sat Mar 11 05:51:08 2023 No.54032225 >>54031808 >he adds pair to prove it Brainlet here. How does the pair prove this?

>>	Anonymous Sat Mar 11 05:51:09 2023 No.54032226 >>54030530 This video was sponsored by yet another gobohomo loving troon toucher of underage butthole

>>	Anonymous Sat Mar 11 05:51:48 2023 No.54032239 >>54028262 Bruh. When they say shit is normal it ain't normal.

>>	Anonymous Sat Mar 11 05:54:05 2023 No.54032277 I'm more worried for USDC. All DAI need to do is rebalance, but it needs to do it quick. Governance has to be smooth. They should rebalance into FRAX or RAI.

>>	Anonymous Sat Mar 11 05:54:55 2023 No.54032292 >>54028262 Silicon valley fucks up everything, they're more retarded that people from alabama

>>	Anonymous Sat Mar 11 05:55:17 2023 No.54032300 >>54030287 the tbills are safer than cash

Anonymous Sat Mar 11 05:58:50 2023 No.54032350

>>54032225
When other big players suspends trading/withdrawals, they are just postponing what's inevitable. They are doing it because they probably have own stakes/shares and buying themselves some time. They can even say that USDC is equals to $1 on their dashboards, trading screens, and retail wouldn't even know until it's too late. By adding pair, Binance will show what's the real value of it.

>>	Anonymous Sat Mar 11 06:01:42 2023 No.54032388 >>54032186 Crypto likey would not exist without Silicon Valley.

Anonymous Sat Mar 11 06:09:54 2023 No.54032484

Is USDC going to 0 or just to 0.90? will it recover at least to 96 ? I saw the threads back when it was 0.995 , but I thought it was just going to spike a little and then recover, I went to sleep too early.

I have too many emotions right now to do a logical decision, what should I do? I have USDC on Polygon, I'm checking to see if it maintained 1$ , maybe I can switch it to Matic on Kraken and then finally there keep it in real Euro even if it's centralized. Honestly I should just take the Euro out in physical cash even if the government is going to want their taxes on it.

I can't fucking believe Tether > USDC right now. Any hope USDC will reach 1:1 with Tether if I wait 3-7 days or best I sell for real Euro now? I mean I saw when BTC did that crash to 16k in the summer that USDC had also fell to like 0.96 or something but it recovered. Is it the same thing now?

>>	Anonymous Sat Mar 11 06:10:41 2023 No.54032501 HOLY FUCK

>>	Anonymous Sat Mar 11 06:12:54 2023 No.54032532 >>54032484 I don't see why it wouldn't recover given how well capitalized Square is but at the same time I'm not fucking touching it when the upside is 10% and the downside is 100% UST baggies literally roped themselves by "buying before the repeg"

>>	Anonymous Sat Mar 11 06:13:52 2023 No.54032552 >>54032388 Not disputing that? I think you meant to quote someone else

>>	Anonymous Sat Mar 11 06:15:06 2023 No.54032566 XRP schizos, where the fuck you at?? It is our time now BAHAHAHAHAHHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHHAHHAHAHA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

>>	Anonymous Sat Mar 11 06:15:13 2023 No.54032567 >>54032484 That's entirely dependent on Circle or how Maker governance responds. Not many people talking about Maker ITT for some reason. DAI is poorly designed, it need to diversify.

>>	Anonymous Sat Mar 11 06:17:26 2023 No.54032598 >>54028262 I always thought usdc was better than tether. However tether always manages to brave every storm.

>>	Anonymous Sat Mar 11 06:19:17 2023 No.54032624 >>54032484 >even if it's centralized usdc is centralized you midwit

>>	Anonymous Sat Mar 11 06:21:34 2023 No.54032653 >>54032566 Waiting for the entire system to lock up and freeze. They will beg for a Solution and XRP is the Icebreaker.

>>	Anonymous Sat Mar 11 06:23:30 2023 No.54032683 >>54032653 Go to your containment thread

>>	Anonymous Sat Mar 11 06:29:00 2023 No.54032745 Wew lads good thing i checked /biz/ before I went to bed. I feel for the USDC meme sometime back during the tether fud, just lost about $8k from this but I'm safe now.

>>	Anonymous Sat Mar 11 06:29:25 2023 No.54032753 what's the mechanism for this going to 0 I don't see it barring a truly apocalyptic liquidity crisis across the entire crypto space and even then I don't understand how it drops below .90

>>	Anonymous Sat Mar 11 06:31:17 2023 No.54032774 All crypto down 90% within a week

>>	Anonymous Sat Mar 11 06:36:44 2023 No.54032839 >>54032388 How? Big tech had nothing to do with crypto newfag

>>	Anonymous Sat Mar 11 06:46:27 2023 No.54032963 File: 393 KB, 2752x1289, file.png [View same] [iqdb] [saucenao] [google] Uh oh

>>	Anonymous Sat Mar 11 07:00:20 2023 No.54033203 >>54030066 WITH NO SURVIVORS

>>	Anonymous Sat Mar 11 07:04:24 2023 No.54033268 >>54031230 kek

>>	Anonymous Sat Mar 11 07:15:59 2023 No.54033470 File: 72 KB, 779x805, USDCrap.png [View same] [iqdb] [saucenao] [google] where were you when USDC was kill

>>	Anonymous Sat Mar 11 07:17:21 2023 No.54033486 File: 55 KB, 385x375, 1676264509811944.jpg [View same] [iqdb] [saucenao] [google] >>54033470 Laughing my ass off in my seat st 2:16am

>>	Anonymous Sat Mar 11 07:18:25 2023 No.54033500 >>54028262 You mean transforming it to BTC. Which is very very bullish

>>	Anonymous Sat Mar 11 07:18:26 2023 No.54033502 HOLD THE LINE USDC MARINES

>>	Anonymous Sat Mar 11 07:18:38 2023 No.54033506 >>54032567 Why is DAI depegging though? Fear?

>>	Anonymous Sat Mar 11 07:19:26 2023 No.54033516 Why is the price so different on every exchange? I have a bit of USDC on MetaMask and I’m down way more than I would be if I were holding it on KuCoin or any other big exchange by my calculations.

>>	Anonymous Sat Mar 11 07:19:52 2023 No.54033523 >>54033506 No idea, but USDD is depegging too.

>>	Anonymous Sat Mar 11 07:20:28 2023 No.54033535 >>54033500 BTC is dumping alongside USDC actually

>>	Anonymous Sat Mar 11 07:20:28 2023 No.54033536 >>54033506 DAI has a big collateral on usdc, but it's overcollateralized so it's fine unless usdc hits less than 40 cents per usd

>>	Anonymous Sat Mar 11 07:20:49 2023 No.54033541 File: 117 KB, 996x868, 1531342323860.jpg [View same] [iqdb] [saucenao] [google] >instead of pegging the US dollar, USDC is going to peg its users

>>	Anonymous Sat Mar 11 07:22:36 2023 No.54033567 >>54033541 kek

>>	Anonymous Sat Mar 11 07:24:30 2023 No.54033601 >>54033536 I don't know what to make of USDC. They have enough (or almost enough now) collateral, don't they? I guess collateral doesn't matter vs a panic?

>>	Anonymous Sat Mar 11 07:25:24 2023 No.54033620 buy USDC for free gains you stupid niggers

>>	Anonymous Sat Mar 11 07:28:45 2023 No.54033679 On average USDC is probably worth about 80c, but realistically they have to redeem at a dollar for the first 80% and then at zero for the last 20%

>>	Anonymous Sat Mar 11 07:29:07 2023 No.54033683 File: 9 KB, 240x240, 1530882446003.jpg [View same] [iqdb] [saucenao] [google] >>54033620 >please buy my bags fuck off retard

Anonymous Sat Mar 11 07:29:43 2023 No.54033691

>>54033470
After a few months of waiting, I was finally about to buy something with DAI. fuck this shitshow, never touching stables again. The funny thing is, that DAI is leftover from the Bancor disaster, I guess this money just had to disappear completely.

Anonymous Sat Mar 11 07:31:28 2023 No.54033711

>>54033620
Dude it's fucking over, which is weird cause this shit was suppose to be backed by real $$$ , but of course the Silicon Valley banks went to shit somehow. Still not sure why Tether is still standing when it's confirmed only 3% backed meanwhile USDC is suppose to all be real dollaridos.

>>54033679
How do I become part of the 80% ?

>>	Anonymous Sat Mar 11 07:31:44 2023 No.54033713 >>54033601 Coinbase disallowed USDC=$1 exchanges (hopefully temporarily), so that might be fucking up the peg.

>>	Anonymous Sat Mar 11 07:32:06 2023 No.54033715 Hmm

>>	Anonymous Sat Mar 11 07:32:13 2023 No.54033718 >>54033683 I only have bitcoins

>>	Anonymous Sat Mar 11 07:32:35 2023 No.54033724 >>54033711 You margin short it on binance when the pair is enabled

Anonymous Sat Mar 11 07:32:46 2023 No.54033726

>>54028496
>Not to mention USDC generations billions in profit/year from the interest

LOOOL yeah, I hear the same with Sam Bankman-Fried FTX. "Yeah we have profits to cover all these, your crypto is safe in FTX" Until you open the toilet seat and it's full of crap

>>	Anonymous Sat Mar 11 07:33:32 2023 No.54033738 >>54033713 I know Binance and a small leaf exchange also disabled USDC trading pairs. Dunno about other exchanges.

>>	Anonymous Sat Mar 11 07:33:35 2023 No.54033740 >>54033713 This restores confidence in the investor.

>>	Anonymous Sat Mar 11 07:33:44 2023 No.54033742 >>54033711 >this shit was suppose to be >is suppose to all be There's your anwser anon - these cunts made claims that were disproven when reality hit

>>	Anonymous Sat Mar 11 07:34:03 2023 No.54033750 >>54033726 Difference is that USDC holds US treasury bonds for their revenue and if that shit rugs then you have bigger problems than your grypto

>>	Anonymous Sat Mar 11 07:35:25 2023 No.54033771 >>54033738 Circle shill spotted. Binance doesn't trade shitcoins like USDC. Until today

>>	Anonymous Sat Mar 11 07:37:07 2023 No.54033788 Even circle liquidate all of their assets to keep at $1 (which is impossible) they will be $3B short. So gonna keep my short until it hits $0.1.

>>	Anonymous Sat Mar 11 07:38:42 2023 No.54033821 >>54033771 What are you talking about? I've traded USDC many times on Binance in the past

>>	Anonymous Sat Mar 11 07:46:36 2023 No.54033942 >>54033821 they delisted all usdc pairs 6-12 months ago and only relisted usdc/usdt TODAY

Anonymous Sat Mar 11 07:46:38 2023 No.54033944

>>54028262
there's 40b USDC backed by $36.7b. circle says 25% of their reserves are in cash, and $3.3b of that was with sivb, so that is $10b - $3.3b = $6.7b in liquid cash best cash scenario.
to regain the peg they need to match their liabilities to their assets. they can do this by buying usdc on the open market with cash and burning it.
if they can rebuy ~6.6b USDC for $3.3b (average price 50c on the dollar) this would even out the assets and liabilities.
of course this requires a shit load of liquidity in that price range, else they will push the price back up, requiring them to buy even more to repeg.
if they can buy at 66c, then they need to spend about $7b. at 90c they need $30b.
either they recover the missing collateral, or confidence repegs it and they go about with undercollateralized usdc, or they repeg by reducing their liability. first two seem unlikely. third is possible only if price dumps much more, and at that point it could be too late. but if they do it, then there isn't much reason for it not to repeg (since they will have enough collateral to cover the lesser liability).
could be a good trade.

>>	Anonymous Sat Mar 11 07:48:21 2023 No.54033980 >>54033942 Why are they relisting it?

>>	Anonymous Sat Mar 11 07:49:28 2023 No.54034001 >>54033980 Check: >>54031808

>>	Anonymous Sat Mar 11 07:49:43 2023 No.54034003 >>54033980 So we can short the fuck out of it and watch it burn

>>	Anonymous Sat Mar 11 07:53:05 2023 No.54034051 >>54034001 I don't get why this is necessary. I mean, you go on coingecko and it shows it as depegged, dexes and every other exchange shows it as depegged. Will a Binance trading pair really make any difference?

>>	Anonymous Sat Mar 11 07:55:03 2023 No.54034082 File: 101 KB, 822x796, 1380481625460.png [View same] [iqdb] [saucenao] [google] > tfw no generational wealth

>>	Anonymous Sat Mar 11 07:55:36 2023 No.54034096 File: 25 KB, 600x538, 1678521333278.jpg [View same] [iqdb] [saucenao] [google] >>54033536 >fine unless usdc hits less than 40 cents per usd What happens when usdc goes .39?

>>	Anonymous Sat Mar 11 07:58:30 2023 No.54034148 File: 15 KB, 338x160, 1666206788176398.png [View same] [iqdb] [saucenao] [google]

>>	Anonymous Sat Mar 11 08:00:42 2023 No.54034197 >>54034051 Dexes and AMMS are part of the short thesis lol

>>	Anonymous Sat Mar 11 08:01:20 2023 No.54034207 >>54028262 No fucking way

>>	Anonymous Sat Mar 11 08:02:33 2023 No.54034224 >>54034197 Can you explain it to me like I'm a fetal alcohol syndrome sufferer?

>>	Anonymous Sat Mar 11 08:02:55 2023 No.54034226 >>54034096 >usdc gets dumped for dai >dai gets burned >dai repegs simple as

>>	Anonymous Sat Mar 11 08:10:16 2023 No.54034341 File: 31 KB, 1000x667, dream-about-a-plane-crash.jpg [View same] [iqdb] [saucenao] [google] >>54028262 PULL UP PULL UP >WHOOP WHOOP PULL UP PULL UP >WHOOP WHOOP

>>	Anonymous Sat Mar 11 08:12:05 2023 No.54034364 >>54031808 Can you even short stablecoin pairs? I never shorted anything before but this seems really promising

>>	Anonymous Sat Mar 11 08:13:09 2023 No.54034375 >>54034364 You can short it via AAVE >>54030584

>>	Anonymous Sat Mar 11 08:20:25 2023 No.54034464 >>54034224 The equations driving AMMs are likely to assume $1 USDC = $1 USD. Probably bots and DEX contracts running on the same assumption. A lot of shit is gonna break if you wake up tomorrow and find 10% of your entire net worth gone.

Anonymous Sat Mar 11 08:22:16 2023 No.54034492

>>54033750
>trusting anything in the legacy banking system
Honestly, something backed by air is more substantial than the promises of US gov. affiliated private institutions at this point. It's one big collective illusion and it's designed to break eventually.
I know my point may even be moot, as you're forced to trust someone sometimes in this world, but elieve me when I say the faceless ones are not to be trusted at all. AT ALL.
I live with the mindset that any moment the numbers on my screen may dissapear and I find myself in peace in the present once again. It might even be for the best that way. as long I learn from it.

>>	Anonymous Sat Mar 11 08:23:16 2023 No.54034509 >>54034464 You figure money will flow into "safe" cryptos like BTC and ETH or just exit the market entirely?

>>	Anonymous Sat Mar 11 08:23:56 2023 No.54034520 >>54034375 Thanks mate

>>	Anonymous Sat Mar 11 08:24:18 2023 No.54034523 File: 169 KB, 548x294, 1415777636902.jpg [View same] [iqdb] [saucenao] [google] >fake depeg crisis because people are overreacting to temporary liquidity problem easy money. stacking USDC

>>	Anonymous Sat Mar 11 08:24:28 2023 No.54034525 >>54034375 You can also trade it with 10x leverage on KuCoin which is one of the liquid exchanges surviving the 2018 winter.

>>	Anonymous Sat Mar 11 08:25:10 2023 No.54034535 When the fuckkkk is it repegging

>>	Anonymous Sat Mar 11 08:26:43 2023 No.54034566 >>54028931 Luna was an algorithmic stable coin. USDC is backed. know the difference

Anonymous Sat Mar 11 08:27:45 2023 No.54034585

>>54034509
>FTX, the exchange shilling crypto to you at the Superbowl, turns out to be a bankrupt scam stealing money for it's losing hedge fund

>SILICON VALLEY BANK, the CRYPTO BANK, is also a bankrupt scam that is the reason you don't get paid now or for the foreseeable future

>CIRCLE, the CRYPTO THAT JUST TELLS YOU $1=$1, is a bankrupt scam

Does this increase or decrease investor appetite for crypto?

>>	Anonymous Sat Mar 11 08:28:48 2023 No.54034591 >>54034566 So why is it dumping a lot lower than it should?

>>	Anonymous Sat Mar 11 08:29:52 2023 No.54034598 >>54034591 Prove to me what it "should" be and why

>>	Anonymous Sat Mar 11 08:30:46 2023 No.54034611 >>54034585 What does that have to do with BTC? You’re going to feel like a moron when you wake up tomorrow and BTC is pumping

>>	Anonymous Sat Mar 11 08:31:13 2023 No.54034618 >>54034585 Fair enough. Crypto really does seem to be losing that perception that it's more than thin air.

Anonymous Sat Mar 11 08:31:20 2023 No.54034619

>>54028496
You don't know shit about the details of their treasuries.
Right now they have a 7% hole in their reserve and people who gave them money are probably calling them to get their shit out now.
I find it hilarious any of you are still naive and complacent enough to say it's going to be alright when you're completely in the dark and when Terra and FTX happened just last year.

>>	Anonymous Sat Mar 11 08:33:35 2023 No.54034641 >>54034585 Nothing to do with BTC/eth This is horny bull semen. So bullish

Anonymous Sat Mar 11 08:36:09 2023 No.54034672
File: 964 KB, 1266x1476, coinbase.png [View same] [iqdb] [saucenao] [google]

>>54034619
This

You can see everything on chain, coinbase sent them 2B after they shut down trading for you guys. In a way they locked you up so you can't sell, and sold before you.

>>	Anonymous Sat Mar 11 08:36:46 2023 No.54034683 >>54034611 I took the fucking blindingly obvious short at $25K and covered enough already. When did I ever talk about a position on anything other than USDC / USDT?

>>	Anonymous Sat Mar 11 08:38:24 2023 No.54034708 >>54034683 That’s what the anons question that you answered was. You silly ass nigga

>>	Anonymous Sat Mar 11 08:40:03 2023 No.54034723 >>54034708 The money is already gone. It was in something called SVB yesterday. Today SVB does not exist.

>>	Anonymous Sat Mar 11 08:42:12 2023 No.54034742 >>54028496 If you believed this you'd buy up USDC for a 10% profit. But you won't, you're just a bag holder coping

>>	Anonymous Sat Mar 11 08:43:04 2023 No.54034753 Lmao, and you faggots kept fudding BUSD My funds are safu

>>	Anonymous Sat Mar 11 08:43:06 2023 No.54034754 File: 2.67 MB, 320x185, stonks-wallstreetbets.gif [View same] [iqdb] [saucenao] [google]

Anonymous Sat Mar 11 08:50:15 2023 No.54034851

>>54034753
There's no bigger sign of not having traded the 2017-2018 market (and survived) than trying to spread FUD on Binance.

Binance literally is the liquidity that defines crypto.
CZ bankrupted Scamman Fried and some of his biggest rivals with a single tweet while making money doing it.

>>	Anonymous Sat Mar 11 08:53:02 2023 No.54034886 >>54034851 This. The same goes for Tether. Bitcoin is valued in terms of Tether and all the liquidity and trading volume is on Binance. CHINKS WIN AGAIN JEWS LOSE AGAIN.

>>	Anonymous Sat Mar 11 08:54:02 2023 No.54034894 >>54034851 CZ is slurping up Coinbase's Bitcoin right now.

>>	Anonymous Sat Mar 11 08:57:12 2023 No.54034947 Look at the volatility in Bitcoin

Anonymous Sat Mar 11 10:02:02 2023 No.54035701

What people don't realize is the government want to release digital USD and USDC goes against their interests. This collapse of USDC provides an opportunity to get rid of the competition so the public won't get confused by the two and in this regard the government will do their utmost to deny any support for Circle

>>	Anonymous Sat Mar 11 10:13:43 2023 No.54035805 Went into AMPL. A long forgotten form of stable coin awaiting a day like this.

>>	Anonymous Sat Mar 11 10:20:36 2023 No.54035882 >stablecoin >not stable >pegged to the usd >not pegged to the usd remind me what the point of these is again

>>	Anonymous Sat Mar 11 10:21:48 2023 No.54035894 >>54035882 low iq has posted

>>	Anonymous Sat Mar 11 10:23:07 2023 No.54035911 File: 5 KB, 225x78, stablecoin.jpg [View same] [iqdb] [saucenao] [google] >>54035894

>>	Anonymous Sat Mar 11 10:28:15 2023 No.54035962 >>54031639 Jesus, CZ is going to make billion tonight frontrunning these transactions. Who introduces a financial instrument during a crisis and drops it on Twitter? A FUCKING GAMBLOR KING OF GAMBLING, THAT'S WHO!

>>	Anonymous Sat Mar 11 10:30:42 2023 No.54035996 File: 55 KB, 599x1003, 2023-03-11_03-24-37.png [View same] [iqdb] [saucenao] [google] I can hardly imagine how much stress is spreading among stablecoin managers and custodians at the moment.

>>	Anonymous Sat Mar 11 10:34:46 2023 No.54036038 >>54035996 Why are so many falling? Are they all backed by USDC?

>>	Anonymous Sat Mar 11 10:38:13 2023 No.54036066 >>54034492 Eventually you mean design to break all the time every time

>>	Anonymous Sat Mar 11 10:43:34 2023 No.54036108 >>54035882 It’s even worse when you consider USDC was the ‘safest’ one given the collateral circle claimed to have. The Jews and their fractional reserves really have got to go

>>	Anonymous Sat Mar 11 10:49:02 2023 No.54036164 >>54032484 Retard eur is backed by USD its a shitcoin like usdc but worse Take btc and eth into cold wallet

>>	Anonymous Sat Mar 11 10:53:55 2023 No.54036212 >>54035996 Meanwhile AMPL unphased.

Anonymous Sat Mar 11 11:10:36 2023 No.54036399

>The collapse came after SVB said it was trying to raise $2.25bn (£1.9bn) to plug a loss caused by the sale of assets, mainly US government bonds, which had been affected by higher interest rates.
If SVB which has 200bln in assets collapsed over 2bln deficit then how is Circle going to recover 2bln cash reserves in their SBV account, they are not going to get that money.

>>	Anonymous Sat Mar 11 11:13:09 2023 No.54036435 >>54036399 Shut up shut up shut up shut up shut up No no no no no no no Stop asking questions goy

>>	Anonymous Sat Mar 11 11:16:45 2023 No.54036472 Not my problem >t. Holding BUSD

>>	Anonymous Sat Mar 11 11:24:29 2023 No.54036549 I still don't understand how this is anything than a nothingburger.

>>	Anonymous Sat Mar 11 11:25:59 2023 No.54036560 >>54035996 Lmao Based usdt

>>	Anonymous Sat Mar 11 11:27:31 2023 No.54036577 Should I take the haircut bros? I have $85k in USDC and now $77k in real value.

>>	Anonymous Sat Mar 11 12:14:53 2023 No.54037103 >>54028967 >guaranteed give that to me in writing

>>	Anonymous Sat Mar 11 12:47:29 2023 No.54037484 >>54028703 they are earning 5% interest on their collateral, it won't really matter unless other banks default as well

>>	Anonymous Sat Mar 11 12:53:21 2023 No.54037571 >>54034672 WOW

>>	Anonymous Sat Mar 11 12:54:53 2023 No.54037594 >>54031389 it only makes sense for guys in places like argentina or turkey who want to hold USD

>>	Anonymous Sat Mar 11 12:56:05 2023 No.54037611 >>54031689 most guys doing that are long usdc / short usdt lmao

>>	Anonymous Sat Mar 11 13:05:06 2023 No.54037733 Will be interesting to see if a bank-run on a fully-collateralized stablecoin can cause it to collapse. If people waited some time then Circle would've been able to recover the $4bn hole through their other income.

>>	Anonymous Sat Mar 11 13:08:16 2023 No.54037779 Still irrational. The hole isn't even $3.3bn

>>	Anonymous Sat Mar 11 13:08:59 2023 No.54037794 >>54034672 HAHAHAHAHAHHAHAHAHAHAA

>>	Anonymous Sat Mar 11 13:27:43 2023 No.54038091 >>54036577 when do you need to access this $? long term USDC will be (probably) bemade whole. short term, uhoh

>>	Anonymous Sat Mar 11 13:29:08 2023 No.54038117 >>54037733 Circle can just buy and burn USDC if it drops under the amount they have collateralised, they are making a massive profit doing this right now

>>	Anonymous Sat Mar 11 13:29:56 2023 No.54038137 File: 145 KB, 574x411, wonderful life.png [View same] [iqdb] [saucenao] [google] >>54028262 Maybe just maybe you should watch this before you decide to sell.

>>	Anonymous Sat Mar 11 13:50:55 2023 No.54038393 File: 41 KB, 600x397, madewhole.jpg [View same] [iqdb] [saucenao] [google] >>54038091 >USDC will be (probably) bemade whole

>>	Anonymous Sat Mar 11 13:50:56 2023 No.54038394 >>54036577 77k and decreasing by 10% every day from now until 0.000001 and trading is stopped pairs delisted It really is like usd just faster

>>	Anonymous Sat Mar 11 13:51:57 2023 No.54038410 File: 1.37 MB, 1280x720, LaughingRalphie2.webm [View same] [iqdb] [saucenao] [google] >>54028678

pro luna holder Sat Mar 11 13:53:38 2023 No.54038433
File: 9 KB, 219x230, 1668749764063704.png [View same] [iqdb] [saucenao] [google]

>>54038137
agree, it may not even be that big of a deal, if you sell you lose if you hold you lose slightly more. and what will you do once it recovers?. i think the best course of action right now is buying a rope.

>>	Anonymous Sat Mar 11 13:58:50 2023 No.54038525 Reminder Any USDC can be blocked frozen and stolen by Circle and their jew friends They did it before and theyll do it again Anyone who held usdc deserves to get rekt and become a literal slave

>>	Anonymous Sat Mar 11 14:04:50 2023 No.54038612 >>54028399 It's still 90c

Anonymous Sat Mar 11 14:06:34 2023 No.54038633

>>54038525
My thesis was they'd run CBDC on the back of USDC and therefore they'd kill Tether/Crypto on the way. USDC as kind of a crypto that was 'safe' for fiat-biased ppl.
Maybe they see the SPY crash happening before that can take place and therefore are happy to burn USDC and onramps to create a moat between crypto assets and fiat assets, so normies can't pivot UNTIL a CBDC is available.

Anonymous Sat Mar 11 14:12:38 2023 No.54038717

>>54038633
They would rather burn both usdc and usd and their own house down indeed set fire to entire world, than see the CZhinks raise petrojuan
Ironic isnt it same day Saudis and Iran make peace, usd financial meltdown initiated
Shouldnt have fucked with the yellow man mutts

>>	Anonymous Sat Mar 11 14:16:44 2023 No.54038782 >>54028931 That's why DiD management project should be considered.

>>	Anonymous Sat Mar 11 14:18:41 2023 No.54038821 >>54030667 kek

Anonymous Sat Mar 11 14:21:14 2023 No.54038861

>>54038117
I had to run that simulation in my head to understand it.
>Goy gives Circle $1 and receives 1 token worth $((1)) in return.
>Token becomes worth $0.9
>Circle pays Goy $0.9 for the token, and keeps the $0.1 profit
This is so jewish I didn't think of it. Lmao. Fuck those guys, it should be illegal.

Anonymous Sat Mar 11 14:24:13 2023 No.54038893

>>54038633
The only cbdc on an ETH chain is the nigerian horror show and that has turned out to be such a terrible experience it increased cash usage rates among the population. There is a snowball's chance in hell of ETH ever being used again which is why the whole network is being rugged.
>XRP is the chosen coin. Get in now while you still can.

>>	Anonymous Sat Mar 11 14:25:41 2023 No.54038908 >>54035996 >Dai Uh oh. That one will hurt erc20s pretty badly.

>>	Anonymous Sat Mar 11 14:27:49 2023 No.54038945 File: 34 KB, 620x483, cz what did he mean.png [View same] [iqdb] [saucenao] [google]

Anonymous Sat Mar 11 14:28:22 2023 No.54038950

>>54038861
It never had true capitalization. I would be willing to bet they had less than 10% USD coverage for USDC. Most of it was probably shitcoin swaps FTX style. Which means they aren't making money buying back at a .1 discount. They are just brokering and hoping to burn part of their supply to make themselves appear more stable while desperately praying that the US government bails them out '08 style.
>Which won't happen because ETH has been slated for destruction.
>tl;dr don't bet against the house when the USD is on the table.

>>	Anonymous Sat Mar 11 14:30:43 2023 No.54038983 >>54038950 Most of the coverage is in US treasuries that they can’t sell.

>>	Anonymous Sat Mar 11 14:31:17 2023 No.54038994 File: 549 KB, 1170x1928, C6726041-7D5D-44EE-B90E-493FE09A885B.jpg [View same] [iqdb] [saucenao] [google] What do you call this pattern?

Anonymous Sat Mar 11 14:33:12 2023 No.54039021

>>54038983
SVB =/= USDC
>I don't believe that circle has the reserves it claims. I think its books were cooked like SBF did and I highly doubt they actually have any tbills which haven't been borrowed against or leveraged against for the ETH shitcoin casino.

>>	Anonymous Sat Mar 11 14:33:16 2023 No.54039023 File: 29 KB, 576x537, Circle.jpg [View same] [iqdb] [saucenao] [google] >>54038950 If it's in short dated treasuries they should be sitting on any losses right?

Anonymous Sat Mar 11 14:34:07 2023 No.54039044

>>54038983
Short term treasures which they definitely can sell with almost no losses, or just wait a few weeks to maturity. <92 cents is free money territory. The worse case scenario is them losing maybe 25% on their SVB holdings, so if you can wait a few months then anything less than 98 cents is free money.

>>	Anonymous Sat Mar 11 14:35:45 2023 No.54039064 >>54039023 Yeah it would be like a 0.1% loss, but they could also just not redeem and wait a few weeks for maturity.

>>	Anonymous Sat Mar 11 14:35:50 2023 No.54039066 >>54028262 buy dai, it's collateralized with ETH!

>>	Anonymous Sat Mar 11 14:36:29 2023 No.54039073 >>54038994 eth bros burning up their powder

>>	Anonymous Sat Mar 11 14:37:49 2023 No.54039088 >>54039066 The fact DAI is depegged shows the panic here. Even if its backed partly by USDC the liquidation mechanism could keep DAI pegged. Very irrational to sell DAI at such a massive cut.

>>	Anonymous Sat Mar 11 14:38:33 2023 No.54039095 >>54039088 >>54039066 dai has 40% usdc as collateral, retard

>>	Anonymous Sat Mar 11 14:40:35 2023 No.54039124 >>54033718 BTC is the best hold rn but I think web3 projects like ENS ORE EGLD stands a better chance to get bags filled.

>>	Anonymous Sat Mar 11 14:46:25 2023 No.54039194 >>54039095 And? Do you know how dia works, retard? Its not pegged 1:1 with USDC but collateralized by the market value of USDC, USDC depeg doesn't necessarily mean DAI isn't backed, just like if ETH drops in price, DAI doesn't depeg.

>>	Anonymous Sat Mar 11 14:48:22 2023 No.54039224 >>54036066 lol, yes exactly

>>	Anonymous Sat Mar 11 14:53:04 2023 No.54039283 >>54031364 Just use bitcoin

>>	Anonymous Sat Mar 11 14:56:07 2023 No.54039321 >>54028262 You can always go back in, trust me its still very cheap at the current price or just go long term on DiD projects.

>>	Anonymous Sat Mar 11 15:27:47 2023 No.54039758 >>54039321 No reason to yet. If you plan on buying, do it Sunday night. If coinbase actually lets you sell one-for-one on Monday, it'll return to a dollar. If not, it crashes.

>>	Anonymous Sat Mar 11 16:34:35 2023 No.54040939 >>54038994 >What do you call this pattern? That's a bazingdon triple invert if ever I saw one right there

>>	Anonymous Sat Mar 11 16:45:38 2023 No.54041131 >>54034523 How is this not the play? However, at these prices, a +10% upside doesn't seem like enough for me (one who only invests meager sums) to get excited.

>>	Anonymous Sat Mar 11 16:52:04 2023 No.54041253 >>54038945 >not "funds are safu" Way to instill confidence, CZ.

>>	Anonymous Sat Mar 11 16:54:05 2023 No.54041277 >>54028833 i only have like 100 bucks in usdc but right now i can't sell on cb, not even here to fud

>>	Anonymous Sat Mar 11 16:55:54 2023 No.54041308 >>54039023 I'm selling it off. I can't stand this again.

Anonymous Sat Mar 11 16:56:28 2023 No.54041321

>>54028364
Could be massive money too. If people panic with no fundamental reasoning then it will be temporary. Someone will scoop that shit up for a discount and laugh when it evens back out.

But you already know that because that's probably what you're trying to do lol. Fucking kike.

>>	Anonymous Sat Mar 11 16:58:06 2023 No.54041352 >>54041308 Are you quitting? Web3 DiD coins will do far better. Look at EGLD, ORE and ENS

>>	Anonymous Sat Mar 11 16:58:17 2023 No.54041360 File: 210 KB, 1080x1374, Screenshot_20230312-025332.png [View same] [iqdb] [saucenao] [google] Nothing is stable

>>	Anonymous Sat Mar 11 17:02:51 2023 No.54041427 >>54028262 Sell it for BTC. The real digital coin. And after you sell read my next line: Vitalik buterin is buying usdc 500k

>>	Anonymous Sat Mar 11 17:04:00 2023 No.54041446 I got 87k in USDC. "Meh" Who cares.

>>	Anonymous Sat Mar 11 17:05:39 2023 No.54041478 >>54028262 Op has no USDC he's just a bobotrannie

>>	Anonymous Sat Mar 11 17:06:33 2023 No.54041489 >>54041352 3 “coins” that have provided zero real-world value other than ponzinomics. Shut the fuck up

>>	Anonymous Sat Mar 11 17:24:46 2023 No.54041802 >>54041427 Vitalik has a lot to lose if big corporations get scared of crypto and leave. He needs USDC to succeed. Doesn't mean it will.

>>	Anonymous Sat Mar 11 18:02:56 2023 No.54042522 >>54041131 People get excited about 10% yearly interest. This is 10% interest over a weekend.

>>	Anonymous Sat Mar 11 18:25:18 2023 No.54042993 >>54041352 Good to see how self custody protocol is now recognised. Cheers to DiD management

>>	Anonymous Sat Mar 11 18:51:06 2023 No.54043473 someone made 20% on this shitcoin with size

>>	Anonymous Sat Mar 11 18:53:22 2023 No.54043508 >>54041446 Similar amount. Similar feeling desu.

>>	Anonymous Sat Mar 11 19:17:25 2023 No.54044000 File: 4 KB, 241x209, 19824672.jpg [View same] [iqdb] [saucenao] [google] >>54035996 For years there was so much FUD about USDT being the risky one that was doomed to fall. How did this happen?

Anonymous Sat Mar 11 19:20:45 2023 No.54044066

>>54044000
USDT is objectively more risky than USDC though. Its just that you have no fucking clue if USDT has been affected by bank failures. With USDC you know exactly their exposure, but panic sellers would rather stick their head in the ground with USDT and live in blissful ignorance.

Anonymous Sat Mar 11 20:14:10 2023 No.54044984

>>54044066
USDT to 100% has assets outside of US and probably in Yuan and RUB and with 110% certainity in Chinese real estate like Evergrande and Italian mafia insurance companies
While USDC marketed itself as US regulated and US assets banked only

Guess which one is today more stable and financially sound

Anonymous Sat Mar 11 20:40:20 2023 No.54045481
File: 281 KB, 1440x1244, 1675237687689016.jpg [View same] [iqdb] [saucenao] [google]

>>54032598
Basic anti-fragility. Tether gets attacked constantly so they have to constantly respond and they got good at it. They're more nimble. Meanwhile USDC got fat and lazy because everyone thought it was good, meanwhile they were out having unprotected homosex in san francisco bath-houses and now they've got the HIV. What a shock.

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