$USDC

USDC – The Stablecoin That’s Stable… Until It’s Not?

Ah, USDC. The poster child of “trust us, we’re totally backed 1:1… probably.” While Circle celebrates stock market glory and regulatory love letters from the U.S. Senate, let’s not forget this is the same stablecoin that depegged when Silicon Valley Bank sneezed. Remember that weekend panic? Yeah, we do too.

Now with the GENIUS Act on the horizon, USDC is suddenly the teacher’s pet of Washington. But ask yourself: Is this newfound regulatory blessing just a polished bailout for institutional bags? Or are we really witnessing the birth of a “safe” dollar-pegged digital asset?

Investors love the narrative—until the next banking hiccup or liquidity crunch reminds everyone that “stable” in crypto is more of a mood than a fact. So congrats, USDC, for being the cleanest dirty shirt in the stablecoin laundry pile. Let’s just hope next time the peg holds… or at least falls more gracefully.