2023-03-11 12:29:04
USDC depegged, and in light of these news:
Binance has temporarily suspended the auto-conversion of USDC to BUSD due to current market conditions, saying it is a normal risk-management procedure &
Coinbase suspended withdrawals of USDC in USD temporarily pausing USDC:USD conversions over the weekend "while banks are closed." (never done that before)
From all these events, we can conclude
two things for better risk management:
When your funds are on exchanges, they belong to the exchanges only & that USDT remains a top stablecoin.
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