What Happens to USDC? USDC depeg

USDC seems depeg in the last 2 days.

And this causes BTC to dive:

And ETH

and STEEM:

Here is the annoucement from Circle.

News:

https://www.coindesk.com/markets/2023/03/10/scrutiny-falls-on-43b-usdc-stablecoins-cash-reserves-at-failed-silicon-valley-bank/

A few months back, I heard people saying the USDC is safer than USDT because USDC is more transparent. But who might see this coming? the Bank goes bankcruptcy.. You never know.

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Steem to the Moon!

1. You can swap the STEEM/SBD to USDT (TRC-20) via Steem2USDT
2. Register a free STEEM account at here