I don't think you can really compare UST and USDC like that. USDC has major backing by very large players in the space while UST is backed by... just Terra? Bu

I don't think you can really compare UST and USDC like that. USDC has major backing by very large players in the space while UST is backed by... just Terra? But I agree on the last part, if USDC looses its peg, large parts of the ecosystem will be fucked. But considering who is managing + supporting USDC, it'll take a large event for USDC to lose its peg.