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And 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 an
by graeme 5y ago
And 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