Circle's USDC scheme is on the brink of collapse. If you read their SPAC IPO filings its clear they have been losing money constantly but theres something dirtier happening underneath. They're at major risk on defaulting on USDC reserves. A deep dive π§΅ on USDC. π
Today I want to talk about stablecoins. This topic is important because there is a lot of controversy going around after the fall of UST. A lot of people have lost trust in stablecoins, so today I want to assure you that not every stablecoin is like UST. #UST#StableCoin