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Well stable coin like USDC had issues and got delisted from the dollar rating, the issue was between USDC and silicon valley bank this sort of things may be the reason people are scared of stable coin.
The issue happened weeks ago and it affected a lot of crypto currency investors investments because the issue also lead to the devaluation of DAI. Therefore it is enough for some crypto currency to fear stablecoin because of it.
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KingCRP;10896 wrote:Well stable coin like USDC had issues and got delisted from the dollar rating, the issue was between USDC and silicon valley bank this sort of things may be the reason people are scared of stable coin.
The issue happened weeks ago and it affected a lot of crypto currency investors investments because the issue also lead to the devaluation of DAI. Therefore it is enough for some crypto currency to fear stablecoin because of it.
This are the issues with cryptocurrency many of the stable coin that are pegged with the dollar can get delisted when there are issues.
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KingCRP;10896 wrote:Well stable coin like USDC had issues and got delisted from the dollar rating, the issue was between USDC and silicon valley bank this sort of things may be the reason people are scared of stable coin.
The issue happened weeks ago and it affected a lot of crypto currency investors investments because the issue also lead to the devaluation of DAI. Therefore it is enough for some crypto currency to fear stablecoin because of it.
Yes, it's enough to fear stablecoin because of it because there's no reason for a stablecoon project to back their holding with fiat currency when fiat was the reason why crypto currency was introduced by Satoshi Nakamoto then.
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IyaJJJ;11058 wrote:KingCRP;10896 wrote:Well stable coin like USDC had issues and got delisted from the dollar rating, the issue was between USDC and silicon valley bank this sort of things may be the reason people are scared of stable coin.
The issue happened weeks ago and it affected a lot of crypto currency investors investments because the issue also lead to the devaluation of DAI. Therefore it is enough for some crypto currency to fear stablecoin because of it.
This are the issues with cryptocurrency many of the stable coin that are pegged with the dollar can get delisted when there are issues.
Does this mean USDC was delisted when it have an issue when the Silicon Valley Bank bankruptcy issue happened?
Because the last time I checked it seems that the stablecoin have the support of the US government but the bank support is something I don't like.
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Guys I want a no biased answer, what is you guys favorite stable coin it doesn't necessarily have to be UUSD it can be any stable coin and alsl your research
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