As the relentless march continues (BTC crushed through the $50k resistance and closing above it yesterday), those who are not fully allocated to crypto may start having the usual FOMO (fear of missing out).
Interview with Ming Pao which your correspondent discussed the current state of Cryptocurrency…
Following the USDC depegging, triggered by custodian bank bankruptcy, it is opportune to re-examine the quality of stable coins on the market (which we do at least 3 times a year as a matter of course), and the results are summarised in today’s missive below…
The depegging of the USDC stablecoin over the weekend was a big event, as it could have shake the confidence in what is deemed the safest of all the stablecoins. There was quite a roller coaster ride in both USDC and DAI (which holds some USDC as its reserve backing), which now seem to be all good again after govt guarantees were rushed out late Sunday…
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