✳️ dcposch on daimo
@dcposch.eth
so SVB happened, USDC briefly depegs and... people move $10b over to USDT? very curious if anyone here knows more. from the outside, moving from Circle to Tether because you're worried about trustworthy collateral seems crazy. the ultimate "from the frying pan to the fire" situation
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timdaub
@timdaub.eth
I think your assumption is that people are smart and markets efficient. If you drop those, you could also come to interesting conclusions
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