Thr bank collapse plus the weekend dried up all the liquidity pools as people rushed to exit usdc... now we wait to see if it can repeat. What a mess .... crazy cause it was supposed to be trustworthy

SVB collapsed. USDC/Circle lost almost 10% of their backing money. Peg broke.

Silicon Valley Bank is one of six partner banks of the issuer Circle.

numbers on screen say noh usdc =/= usd 1:1

usdc lose value like Venezuelan papermoney

usdc blockchain structure brake like Do Kwan Terra soon™

connbase and bitmain REKT