UST Stablecoin Loses Dollar Peg

Re:UST Stablecoin Loses Dollar Peg by jwass on Monday May 09, 2022 @08:17PM (#31321681)

Is USDC safe?

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Re:UST Stablecoin Loses Dollar Peg by onelesd on Monday May 09, 2022 @08:25PM (#31321762)

What is your definition of safe when it comes to investing in crypto? In the broader sense of the word, it is absolutely not safe because crypto is not safe.

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Re:UST Stablecoin Loses Dollar Peg by everfree on Tuesday May 10, 2022 @12:47AM (#31323555)

Not safe in what sense?

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Re:UST Stablecoin Loses Dollar Peg by onelesd on Tuesday May 10, 2022 @05:18PM (#31332852)

Ha! I fell into the same trap. I meant crypto is not a low-risk investment.

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Re:UST Stablecoin Loses Dollar Peg by cdiddy2 on Monday May 09, 2022 @08:31PM (#31321813)

it's not threatened by this issue at all.

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Re:UST Stablecoin Loses Dollar Peg by themusicgod1 on Monday May 09, 2022 @09:42PM (#31322378)

As long as it's backed by the USD it's not safe

Stablecoins are even more of a mistake than fiat currency is

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Re:UST Stablecoin Loses Dollar Peg by purple_ferret on Monday May 09, 2022 @08:58PM (#31322031)

GUSD is safest

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