Now that the situation with the USDC has been more or less resolved, journalists from the WSJ and Bloomberg are trying to analyze what happened. And a strange picture emerges.
Everyone ran away from the USDC because they had enough information about its collateral - investors knew that the money was in a troubled bank. But the paradox is that everyone ran to USDT.
The fact that no one knows exactly where Tether's money is plays into its hands - USDT has FUD protection because the stable's reserves are shrouded in secrecy.
So, today Tether has printed another 2 billion USDT, and meanwhile, USDC's capitalization has fallen by $4 billion since the beginning of the crisis - people still don't return to USDC! Although USDC is still the most regulated stablecoin In short, everyone just really hopes that USDT will not turn into a pumpkin
