Tether seems safe at the moment but 1) I will never trust Tether, even if I have some Tether I don't keep a lot 2) everyone is seeing it as safe so you get double rekt trading into it from USDC at the moment since it's over $1 but yeah it could be better than USDC until they provide more clarity

I doubt USDC is worth less than 75 cents worst case and it is probably much higher like 98 cents if it's just this one bank but yeah there are lots of unknowns and Coinbase/Circle aren't saying much

what does he know

You reckon he's aware of something that isn't public? Or buying in the event that things turn out ok?

That’s a tiny amount for him

ofc, guess what I meant was if he was aware of something not public or more just seeing a potential quick flip.

Nah if he knew something he wouldn’t risk inside info trading for that small an amount

It’s just a small bet, & good for optics (better for eth & crypto if usdc doesn’t fail of course)

Some good info in this twitter thread, however he’s making some assumptions about redemptions

i doubt it, i more was just joking about him being a secret 1000iq trader lol

but yeah i agree with lnstinct, think he just thought it looked cheap by metrics everyone can see

a lot of PTSD FUD from FTX/UST which were designed to be far riskier

even if every bank they had failed they’d be able cover 77 cents on the dollar and that’s an extreme scenario

i’m not holding a ton of USDC anymore but i also don’t think this is the end for it, most likely

Cowards are such cucks it’s actually really embarrassing

Dumping rai

Where 2 Cop

Free 0

I feel like anything I dm @lnstinct on twitter becomes true within a few days or weeks

that's crazy tho Circle used 6 banks and half them closed in 5 days

drumpf indicator
Cramer indicator
neon dm instinct indicator

If these aren’t in your trading arsenal, you’re getting left behind

Brrrrrrrr

the irony that Nexo & Tether are fine cause they were banking with criminals and everyone that did things through US Banks are now in trouble

Arbitrum is the future

I deserve an airdrop for using synapse

protect the peg!!!!

The 3 key pillars of my financial advisory

I heard dumpf pulled all his dollars out of SVB days before they went under