Date: 2023-03-12T14:10:42Z Creator: Bitfolio Academy
The collapse of Silicon Valley Bank has caused chaos for USDC, with investors scrambling to move their USDC holdings onto exchanges. USDC has lost its peg, dropping to 83 cents, last night. The failure of SVB, the 16th largest US bank, and the second crypto-linked bank to go under this week, has triggered a full-fledged bank run on USDC. With a lack of liquidity and the banks closed for the weekend, those caught holding USDC are facing uncertain and potentially devastating losses. Stay informed and up to date with the latest developments on our Discord server.
Let me know in the comments. 🤔
🪙 Join My VIP Cryptocurrency Course (with a 30-day free trial):
https://en.bitfolio.biz/vip
💰 Join My FREE Discord Group:
https://en.bitfolio.biz/discord
🚀 Connect With Me on Social Media!
►► ► My LINK TREE ◄◄◄
https://beacons.ai/bitfolio
👍 JOIN Bitfolio Academy Coaching Community: https://bitfolio.biz/member
🔥 FREE Cyptocurrency Course: https://bitfolio.biz/course
💻 Bitfolio Academy Blog: https://blog.bitfolio.academy
💵 Send me a Satoshi: https://getalby.com/p/bitfolio
⚡️[email protected]
I help people invest in digital assets without undue risks or long-term time horizons, but I am not a registered investment advisor, nor a financial advisor. All of my videos are strictly my personal opinion and are not financial advice. Do your own research.
#usdc #stablecoin #crypto #money #2023