#USDC lost parity with the US dollar I tell you that #Circle is a USDC issuing company, it had funds deposited in Silicon Valley bank, and it has ceased its operations causing:
USDC will be trading at $0.88 for each #stablecoin.
informative thread🧵📰🧑💻
This has generated certain doubts among #Crypto users about the support of this currency after the bank "failure".
Faced with such a situation, some users, holders of this #stablecoin, organized and made sales of USDC Other people waited to buy the coin at the lower price, hoping for a USDC appreciation.
It is worth mentioning that this #stablecoin (USDC) is the second stablecoin by #market capitalization.
Meanwhile, the #Stablecoin #Tether has benefited in this case, due to significant sums of #money coming in.
This thread is informative and not investment advice. ⚠️