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54032931 No.54032931 [Reply] [Original]

The market is pricing USDC as if it's going to 0. At worst, Circle takes a 10-20% haircut on the $3.3B. They will get this back through interest on bonds.
Buying USDC at panic levels is literally free money.

>> No.54032958

I said the same thing about lunadollar at the time

>> No.54032976

Not enough upside for me. 10% is nothing. I really only buy cryptos when there 10-100x upside.

>> No.54032999

thats assuming they will be able to process all redemptions on monday :)

>> No.54033008

>>54032931
This is terrible advice. It wouldn't be if what was happening with USDC were happening in a vacuum, but when you see it as part of a wider collapse and loss of faith in the crypto market, it's absolutely terrible advice.

>> No.54033021

https://old.reddit.com/r/CryptoCurrency/comments/11o0d16/banks_that_keeping_988_billion_cash_reserves_of/

more banks might be fucked. Honestly my confidence is decreasing.