#top #stablecoins #market #cap #lost #peg #today #Tether #Binance #USD #held #peg #turmoil
Current financial system explained
The current financial system is a complex network of institutions, markets, and regulations that facilitate the transfer of money and other financial assets. It includes
Waking up to see USDC at a -10% drop is a weird reality we live in.
It must be said that the most criticized stablecoins have resisted
So there’s clearly an opportunity to make money from the price difference between these stablecoins.
Just wish I was smart enough to figure it out.
Damn. Even my ex girlfriend was more stable than stablecoins lol.
When ICO for instabilecoin?
It’s easy for tether not to depeg when it is not actually backed by any cash.
Stable coins become unstable
What an unexpected plottwist.
Just a few weeks ago, BUSD seemed at risk because its issuer PAXOS was deprived of the right to issue any new BUSD and a message was sent from CZ that they were converting BUSD to something else. Now it’s all good now?!
TUSD has been in defense for the collateral reserves rumors and in the radar of the congressmen. The issues are overlooked now?
Finally my clown world timeline comes to reality where tether is the only stable surviving.
This timeline is the worst one.
Sadly enough the only stable coin that will work is a CBDC because the us govt won’t let it fail. This is all intentional
Well well well how the tables have turned 😂
This is only the beginning. The real fallout will come on Monday. I closed all my positions for now.
And this is just the star, SVB mess will hurt the US tech sector, which will have ripple effect into crypto valuations like they always do.
Hold on to your hats on coming week.
USDT and BUSD are non-American companies (Tether and and Binance).
Avoid American companies like the plague.
Didn’t BUSD also depeg for a few hours ?
Not a surprise to me as both of them are hated by the sub
Wow. Good that I didn’t listen this sub and kept my tether.
As someone that got out when btc was 55k, the 🍿 is real now.
Once I buy USDT it will start to depeg, you’ll see
You forgot the two most interesting decentralized stables LUSD and SUSD, both of which held their peg to above 98cents.
They need to change the name, stablecoins, to something else
Dark times for this sub
So this is how it ends. It’s been fun y’all. Stay safe. I’m gonna go be a BTC maxi now lol
Tether doesn’t have reserves. Its bogus
Anything to do with American financial system, will ultimately go to $0.
Feeling ‘regulated’ yet, kids?
Not even holding stablecoins one can sleep well.
All we need is 1-2 actually stable coins and that’s it
Why so many? What the hell happened while I was sleeping
Ah shit here we go again
“What doesn’t kill you, makes you stronger.”
No wonder Binance and BUSD is so strong right now. After this sub shits on them for almost a year now.
Impossible, USDT is the #1 scam join and only a matter of time before it depeggs.
Reddit been saying this for years.
Do not use USDT, use the others, reddit concesus.
Where are the USDC shillers now? USDT showing who is the boss
You get a depeg, you a get a depeg, everyone gets a depeg!
Hope we are not all pegged due to the depegging.
The two that were most scrutinized. Lol. Meanwhile the government has been trying their best to take down USDT and busd. I think they’ve been barking up the wrong tree.
Tether has shown to be very resilient so far.
Two things that hated in this sub is stand still. Worth to always inverse cc