USDC in critical situation !

١٢ مارس ٢٠٢٣

USDC / USDT

one of top famous stable coins
unfortunately it de-pegged after circle (issuer of USDC) confirmed that 3.3B of the ~440B USDC reserves are in collapsed Silicon Valley Bank

Today circle said : they will cover any missing liquidity in Silicon Valley Bank using corporate funds for USDC

Few hours ago Bitmex launched a perpetual contract on it and Bybit also have USDC perpetual contract which is not a good sign …I remember FTX launched a perpetual contract on UST just before it collapsed

If they couldn’t solve this case soon it can drag all market down like Luna - FTX - Corona crashs (black swan event)

Will USDC return to it’s value or dump will continue?
Share with me your opinion in comments section below