Peter Schiff: “USDC, the 2nd largest StableCoin is no longer stable.”

It has become depegged. Huge outflows. Volume is up o er 100%, all going out

USDC is bound to Tether.

We are primarily funded by readers. Please subscribe and donate to support us!

If Tether collapses, a lot of Bitcoin foundation does, too.

Contagion spreading? Binance has temporarily suspended auto-conversion of USDC to BUSD due to current market conditions, specifically related to high inflows & the increasing burden to support the conversion. This is a normal risk-management procedural step to take while we monitor the situation.


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.