Assuming USDC is backed by the money it says it is, then it going to zero is incredible news for anyone who buys it post de-peg right? If the assets are there,

Assuming USDC is backed by the money it says it is, then it going to zero is incredible news for anyone who buys it post de-peg right? If the assets are there, and you buy USDC at 5c on the dollar, you’ll make 95c even if USDC has to entirely liquidate? I guess, assuming the assets are there, I don’t see why/how it would drop below that, or be finished, other than some volatility due to panic