[___GS___]

Why everyone is so silent about it? Specially [mention=3209658]

I am personally loosing over $300k with holding all these, But where is all the so called experts now?

Desperately waiting for you all to respond and defend this now. USDD still better than these "STABLE COINS"

Told you all that crypto is always risky, Whole crypto world is risky. Nothing is guaranteed here, before being an expert learn to understand crypto first before going into that deep. LOL 🤦‍♂️🤦‍♂️

[Blockonome]

The stablecoins will return, I am pretty certain about that. They are not built the same way like Luna stable coin was, so this will bounce back. It happens from time to time.

[___GS___]

The stablecoins will return, I am pretty certain about that. They are not built the same way like Luna stable coin was, so this will bounce back. It happens from time to time.

USDD also bounced back. I never said that its gone, But they kept on saying that other stablecoins like USDC will never depeg. If a stablecoin depegged its not stablecoin. They said.

[Blockonome]

USDD also bounced back. I never said that its gone, But they kept on saying that other stablecoins like USDC will never depeg. If a stablecoin depegged its not stablecoin. They said.

Very true, but they are stable 95% of the time I would say, perhaps around 90% of the time now, but I do honestly not think we have to worry too much, unless the companies starts acting shady.

[___GS___]

Very true, but they are stable 95% of the time I would say, perhaps around 90% of the time now, but I do honestly not think we have to worry too much, unless the companies starts acting shady.

And to be very honest, I am scared now. I am clueless on what to do next now.

[DashPHP]

Honestly an incredibly scary position to be in right now.

[Kaleb]

I did very very very little reading on this but it seems circle, who owns or operates USDC to some degree had a bunch of their reserves in a bank called Silicon Valley Bank which collapsed in one way or another LMAO.

[___GS___]

Broken was a huge fan of DAI/USDC he quickly deleted his posts.

At the time I was pro-dai was because it did not have USDC as collateral. I don't state what I do on a daily basis on HF, I haven't held Dai in 2 years now.

I was holding USDT/USDC/DAI/MIM.
Although I was big fan of USDT since beginning, But I planned to split funds across different stablecoins.

Not panic yet, Let's see what happens

[Yin Yang]

Yikes, you lost 300K from it?

[shreder]

I was holding USDT/USDC/DAI/MIM.
Although I was big fan of USDT since beginning, But I planned to split funds across different stablecoins.

Not panic yet, Let's see what happens

If CB reopens swaps on Monday when banks are open and they pull more funds, then you'll see if they were truthful or not.

[SUI-3183372]

You're fine. Circle's exposure wasn't large ($3.3b), an amount they can certainly absorb, and even if they can't, Coinbase will bail them out.

Seems like a prime opportunity to buy USDC.

Edit: Tether don't use US banks so no exposure.
DAI/Frax/mim will recover as usdc does.

[Blue Eye Samurai]

Is this the right time to buy USDC or not? Since it will bounce back

[___GS___]

You're fine. Circle's exposure wasn't large ($3.3b), an amount they can certainly absorb, and even if they can't, Coinbase will bail them out.

Seems like a prime opportunity to buy USDC.

Edit: Tether don't use US banks so no exposure.
DAI/Frax/mim will recover as usdc does.

We all hope so. I was planning to sell but I'd rather wait till monday.

[SUI-3183372]

We all hope so. I was planning to sell but I'd rather wait till monday.

There will be further contagion that probably keeps things depegged for longer than 2 days.

[Blue Eye Samurai]

Do you think it's wise to buy USDC right now?