It's floating independently at each exchange, coinbase could be in real bad shape since they guarantee 1:1 conversion.. you can buy on an exchange that allows it to float, xfer to coinbase and take advantage of their guarantee....
Coinbase could be left with a bag of devalued usdc, but... they just paused swaps, so they may continue to display $1 since no trades between dollars and usdc are actually occurring.
Gonna be interesting.
Semi-Normal /
npub1h3…6z7df
2023-03-11 04:17:23
in reply to nevent1q…cy4f
Author Public Key
npub1h3z9uaydyjrr5rwaktzt3lned3ykztktda9lv0n7n2tu9rt27neqt6z7dfPublished at
2023-03-11 04:17:23Event JSON
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"pubkey": "bc445e748d24863a0dddb2c4b8fe796c49612ecb6f4bf63e7e9a97c28d6af4f2",
"created_at": 1678508243,
"kind": 1,
"tags": [
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"content": "It's floating independently at each exchange, coinbase could be in real bad shape since they guarantee 1:1 conversion.. you can buy on an exchange that allows it to float, xfer to coinbase and take advantage of their guarantee.... \n\nCoinbase could be left with a bag of devalued usdc, but... they just paused swaps, so they may continue to display $1 since no trades between dollars and usdc are actually occurring.\nGonna be interesting.\n",
"sig": "d4e896f853a74ef218c66ce9722dd90a3984513075e50dfdad0fa942a2371e5a3453e78a84756a2f53e271c773927376e841fcdeadba1650006444784bef940d"
}