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

Real World Ethereum 🌎 
building /daimo ✳️ 

Last I checked DAI mostly collateralized by USDC at the time. Not a ton of room to go to. And I remember TUSD going parabolic around that time due to demand so…you’d be paying a premium for dollars.