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> The address marked as 3AC has a collateral position of 211,999.12aWETH (worth $235 million) on AAVE V2 and a total debt of $183 million in stablecoins USDC an
by johntb86 4y ago
> The address marked as 3AC has a collateral position of 211,999.12aWETH (worth $235 million) on AAVE V2 and a total debt of $183 million in stablecoins USDC and USDT
They picked the wrong stablecoins to have debt in.
- lampshades 4y agoThey were a major investor in USDT also. They had something like 500 million in it that is now worth about 500 bucks. That's what started this whole thing with 3AC and Celcius.
- jmu1234567890 4y agoYou mean UST?
- lampshades 4y agoOops, yeah, my bad.
- Jorge1o1 4y agoHeh that’s good. I was just about to write out an angry comment on USDT vs UST when the joke hit.