$USDC

#稳定币

I discovered an interesting phenomenon: a few days ago, the exchange rate of USDC to the US dollar soared to an astonishing 1.001, and recently it has returned to normal levels, just right for buying back at a low price.

I speculate that the reason behind this is that during a market crash, everyone tends to withdraw funds, and American investors, due to USDC being pegged to the US dollar, are more inclined to sell USDT and buy USDC for hedging. As the market has gradually stabilized, funds have started to flow back, and thus the exchange rate has returned to normal.