The borrowing rate on FDUSD went ballistic overnight. I have a lot of exposure to it and I am learning a hard lesson on protocol mechanisms. I will never be caught in this crossfire again. 

People in the West will wake up to an absolutely crazy market. I expect this to put a lot of pressure on both USDC and USDT.

“Pursue excellence and success will run after you with its pants down.” Ranchoddas Shamaldas Chanchad

This $2.5 billion pound stablecoin gorilla is going to cause some dislocation in the next few hours to days.