usdc update

circle released information calming down usdc holders

usdc reacts and bounces back to 0.98 from 0.78.

i have read the announcement. svb will probably get a bailout which will be announced tomorrow or monday. if not, if they go bankrupt, it will be disruptive for other banks too.

i expect usdc to survive the turmoil even if svb goes bust. there is only a very small likelihood that usdc will go out of business now.

if you are a holder of usdc you should wait until it goes back to 1:1 and buy bitcoin or monero with it. do not wait too long.

you could also swap it for usdt for example at coinex. i can recommend coinex. i did that recently. coinex is not a scam. scammers on youtube called coinex a scam years ago.

there must be a reason why you want to stay in the fiat ponzi. mid term or long term i would not bet on usdt either.

buy only hard money which is bitcoin and monero for privacy