USDC Crisis?
It's hard to believe there are so many uninformed people in the plaza. It's a bit amusing to see so many worrying about this and that because of the decline in the exchange rates of USDC and USDT over the past few days.
Let's start with the conclusion: if USDT collapses, USDC will find it hard to do so.
Can you try to understand what USDC is?
Other stablecoins have underlying assets that are pegged to the US dollar and US Treasury bonds, and the companies issuing them are listed in the United States and hold various legal licenses to issue USDC.
The largest compliant exchange in the US, CB, strongly supports USDC. As for USDT, if it hadn't come out early or if so many people weren't already using it, what would it be considered?
Currently, USDC is audited periodically by four major auditing firms, ensuring it is over-collateralized. I don't understand what you are worried about.
In the stablecoin sector, compliance is a major trend, and USDC is far ahead of USDT in compliance. Instead of worrying about USDC collapsing, you might as well worry about USDT.
It's all bots, class dismissed.
