Coinbase suspending USDC:USD conversions over the weekend

Re:Coinbase suspending USDC:USD conversions over the weekend by raverbashing on Saturday March 11, 2023 @03:55AM (#35106668)

Tether is pretty much being propped up by thoughts and prayers at this point

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Re:Coinbase suspending USDC:USD conversions over the weekend by dannyw on Saturday March 11, 2023 @05:15AM (#35107043)

Tether has successfully maintained its peg for nearly 10 years now, despite being an enemy of the US government. That is actually an incredible achievement.

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Re:Coinbase suspending USDC:USD conversions over the weekend by simmerup on Saturday March 11, 2023 @05:28AM (#35107089)

It helps that you can only turn it into real money in 100k chunks.

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Re:Coinbase suspending USDC:USD conversions over the weekend by drexlspivey on Saturday March 11, 2023 @05:50AM (#35107184)

You can turn it into real money in any amount by selling it on the market. Market makers will handle the “100k chunks” problem for you.

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Re:Coinbase suspending USDC:USD conversions over the weekend by simmerup on Sunday March 12, 2023 @03:03PM (#35124637)

Exactly. It’s a neat way to prevent a run, especially if the market makers are acting in cahoots.

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