Spot trading for the USDC/USDT has opened on Binance.
Sit back relax and watch the carnage unfold frens.
https://www.binance.com/en/trade/USDC_USDT?theme=dark&type=spot
IT'S OPEN
Falling into your wing while paragliding is called 'gift wrapping' and turns you into a dirt torpedo pic.twitter.com/oQFKsVISkI
— Mental Videos (@MentalVids) March 15, 2023
bullish
Why would there be carnage retard? LULZ people are insufferably dumb, OP did you even go to school?
Please enlighten me about why you think everything will be okay and why you think that "it's just another nothing burger".
Because it didn't collapse, retard.
>it didnt collapse in 15min therefore its a nothingburger
this will take a few days to resolve
Users of the largest crypto exchange can now convert all their USDC into USDT, and considering that USDC is supposed to be a stablecoin, any price below 0.98 USD for a sustained period of time would imply that its value has collapsed against the dollar.
Cause it's a libtard.
Only redditors and companies that scam redditors (blockfi, Circle etc.) are losing money.
And isn't it fun watching redditors, mETH heads and shitcoiners lose all there money, whilst BTC and XMR maxis are completely unharmed.
Yeah remember when BTC schizos said the floor of BTC at 22k was immovable? drawing lines and making up copium faster than the fed prints money? Shut up retard.
The only one currently making up copium is you, and for the record I was a daily bobo poster until the FTX collapse happened.
Because for USDC to fail, and IF it fails, there are bigger problems at hand and there's no point in even caring to a level you cannot control.
USDC going belly upwards doesn't matter, unless you are israeli. Literally half the market cap of USDT.
if usdc fail, coinbase fail
if coinbase fail normie will never trust crypto ever again
peoples would cash out of the market from other exchange thus crashing USDT bringing down binance and the rest of the market
that's the plan
Q
Yes, but that is exactly why I care. This along with SVB is the snowball that will lead to the avalanche on Monday morning.
All Signs are a GO
literally nothing happening
What carnage, no way to short
imagine being a richfag with thousands in usdc and risking losing everything because you didn't sell for 90 cents/dollar (which would also be the best case scenario if you get rescued by them)
What does this mean?
This means if you trusted the US government and muh regulations, it's over for you
it means there is a short bus out the front of your spiritual healer guru compound and it is willing to take all the starving hungry cult members to another spiritual healer guru's house for the weekend as way to confirm your faith in your current guru.
Nothing burglar
USDC will most likely be fine. It's a 10% gain if you're willing.
Hmmm... no lifeboats yet. Why isn't Circle immediately fixing this? The longer this goes on the more trust will fade in this "stable" coin.
israelites cannot work on the shabbat
More than enough Shabbos Goys to do the heavy lifting
>more trust will fade in this "stable" coin.
ALL "stable" coins
israelites.
futures wen
USDC makes sense but why DAI?
this thread reminds me when UST was depegging and some fags here were saying that the crash was impossible because LUNA was going to prop up the price because it's a $1 stablecoin = $1.
I hate to be a reddit but qrd? I browse LULZ like all day every day and idk what's going on here
they lost billions and their deposit wasn't insured (like 97%+ of the SVB deposits lmao)
So current valuation on Binance is accurate 0.91
Thanks. But only 8.25% of reserves? Feels like a nothingburger to me
3.3 billions with a bee, maybe even a wasp
it is triggering the equivalent of a bankrun which is what ends up killing stuff