USDC will go to ZERO

[Anonymous No.54036801]

Loss: $3.3 billion
Reserves: $40 billion

The price will collapse when users start to cash out their USDC:

1 - 3.3 / 40 = 0.918
1 - 3.3 / 39 = 0.915
1 - 3.3 / 38 = 0.913
1 - 3.3 / 37 = 0.911
1 - 3.3 / 36 = 0.908
1 - 3.3 / 35 = 0.906
1 - 3.3 / 34 = 0.903
1 - 3.3 / 33 = 0.9
1 - 3.3 / 32 = 0.897
1 - 3.3 / 31 = 0.894
1 - 3.3 / 30 = 0.89
1 - 3.3 / 29 = 0.886
1 - 3.3 / 28 = 0.882
1 - 3.3 / 27 = 0.878
1 - 3.3 / 26 = 0.873
1 - 3.3 / 25 = 0.868
1 - 3.3 / 24 = 0.863
1 - 3.3 / 23 = 0.857
1 - 3.3 / 22 = 0.85
1 - 3.3 / 21 = 0.843
1 - 3.3 / 20 = 0.835
1 - 3.3 / 19 = 0.826
1 - 3.3 / 18 = 0.817
1 - 3.3 / 17 = 0.806
1 - 3.3 / 16 = 0.794
1 - 3.3 / 15 = 0.78
1 - 3.3 / 14 = 0.764
1 - 3.3 / 13 = 0.746
1 - 3.3 / 12 = 0.725
1 - 3.3 / 11 = 0.7
1 - 3.3 / 10 = 0.67
1 - 3.3 / 9 = 0.633
1 - 3.3 / 8 = 0.588
1 - 3.3 / 7 = 0.529
1 - 3.3 / 6 = 0.45
1 - 3.3 / 5 = 0.34
1 - 3.3 / 4 = 0.175
1 - 3.3 / 3 = 0
1 - 3.3 / 2 = 0
1 - 3.3 / 1 = 0

That's why Coinbase has blocked users from redeeming USDC:

https://twitter.com/coinbase/status/1634399032767307776

[Anonymous No.54036823]

>>54036801
dont forget that chart that shows how much you have to make up for every 10% loss. yiiiiiikes

[Anonymous No.54036830]

>>54036801
DO NOT REDEEM SER

[Anonymous No.54036834]

>>54036801
>Loss: $3.3 billion
No, the loss is about $200-300m. Just because the bank has shuttered doesn't mean the assets have all just disappeared. They'll be sold off and Circle takes a haircut.

[Anonymous No.54036888]

Coinbase and other institutions already sold, they sent USDC to their wallet, it's on blockchain. While doing so they blocked you from selling. I don't think they can make retail whole with the remaining money they have. It's not millions, it's $3 billion. People buying and hoping that it'll go back to $1 is very optimistic. Plus lots of smart retail are already selling and I don't think they'll ever hold USDC. Don't forget that avg IQ is 85 in the world, they are just stupid, let them lose, and profit from it. I already shorted from $0.98

[Anonymous No.54036906]

>>54036801
>Loss: $3.3 billion
Retard

[Anonymous No.54036912]

>>54036801
>Loss: $3.3 billion
>Reserves: $40 billion

loss more like $8 billion

[Anonymous No.54036918]

Back to >>>/pol/

[Anonymous No.54036925]

>>54036834
>Just because the bank has shuttered doesn't mean the assets have all just disappeared.

the assets are worth much less than they were

[Anonymous No.54036934]

>>54036834
>>54036906
Don't waste your time trying to explain to retards

[Anonymous No.54036954]

>>54036834
Bancroft proceedings can take years to get your assets back. Doesn’t matter if they are legally entitled to some assets or collateral if they need liquidity to repeg the coin within the next 24 hours to stop a bank run. Either they get billions in liquidity now or usdc goes to zero. Such is the nature of bank runs

[Anonymous No.54036972]

>>54036834
>implying they ever had 3.3 billion in assets
Why would they?

[Anonymous No.54036977]

>>54036954
*Bankruptcy proceedings

[Anonymous No.54037015]

>>54036888
checked

[Anonymous No.54037114]

>>54036834
Even if only $200m is lost via SVB, the full $3.3b remains ILLIQUID claims.

Without a bailout, the depeg gets progressively worse as Circle users redeem for 1:1 USD

eg.

3.3/40b > 8% > $0.92 per USDC
3.3/30b > 11% > $0.89
3.3/20b > 16.5% > $0.835
3.3/10b > 33% > $0.67
3.3/3.3b > 100% > $0.00

[Anonymous No.54037126]

>>54037114
>Without a bailout, the depeg gets progressively worse as Circle users redeem for 1:1 USD

sooner or later no dollars are left but billions of USDC are left with no backing at which point USDC goes to zero.

even i can understand it.

[luna chads wagmi, trust the plan. No.54037164]

>>54036801
this is not true, IT WILL REPEG and 'ill finally buy a lambo, you cannot scare me, i have seen thru your FUD time and time again and I WILL NOT BE FOOLED.

MY LUNA STAYS BABOOONA.

[Anonymous No.54037810]

FUCK (((Circle)))

[Anonymous No.54037902]

>circle depegged before tether
Kek. I guess US regulatory pressures are worse if you're trying to prevent a bank run. Based scammy tether.