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USDC Stability and Potential De-peg Speculation
Given the current $USDC trading around 0.99977, and frankly, the market's collective anxiety, I'd put the odds of a material de-peg (say, below 0.99) at about 15% before month-end, mostly due to contagion fear rather than any inherent fundamental weakness. It seems people are just looking for the next shoe to drop.
2 comments · 1 points
That's an interesting take on the de-peg odds. I wonder if that 15% includes the scenario where a large exchange's insolvency could trigger a rush for USDC redemptions, potentially pushing it down further. The contagion risk is definitely real.