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A comment on USDC Down ~10%.

Re:USDC Down ~10% by capableweb on Saturday March 11, 2023 @10:03AM (#35108782)
This is the lowest USDC has been at (0.91 USD at writing this comment), ever. So a test of the currency to say the least.

In perspective, Tether (USDT, another "stable coin") lowest was 0.91 USD at the 25th of April, 2017.

Another stable coin, DAI, is also at it's lowest point right now at 0.93 USD. DAI seems to have a big part of it's collateral in USDC, however that now makes sense...

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Re:USDC Down ~10% by tigertigertiger on Saturday March 11, 2023 @10:20AM (#35108943)
DAI is far from it's lowest point right now.
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Re:USDC Down ~10% by capableweb on Saturday March 11, 2023 @10:31AM (#35109072)
Sorry, you're right. DAI number was wrong. Seems to have been 0.88 USD. Wouldn't say "far from" but nonetheless, I was wrong.
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Re:USDC Down ~10% by tigertigertiger on Saturday March 11, 2023 @04:16PM (#35112794)
My fault, for some reason I had the Euro Chart which had 0.83€ as all time low.
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Re:USDC Down ~10% by capableweb on Saturday March 11, 2023 @05:08PM (#35113297)
How wholesome, we were both wrong but for different reasons :)
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