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Yeah, if you move fictional dollars in the form of USDT to USDC then you are just shifting the imaginary amount around, it doesn't change the fact $61B is rende
by carrja99 5y ago
Yeah, if you move fictional dollars in the form of USDT to USDC then you are just shifting the imaginary amount around, it doesn't change the fact $61B is rendered worthless.
- graeme 5y agoAnd that’s actually been happening. For week’s usdc’s biggest trading pair has been usdt. So some people are dumping usdt on usdc holders at 1:1 ratios. Why anyone holding usdc would exchange one for a usdt at par is a question I don’t have an answer to, but it’s happening en masse.
- ElKrist 5y ago"Why anyone holding usdc would exchange one for a usdt..." One possible explanation is that you have more pairs available for other cryptos with USDT than with USDC on some exchanges