As you know,
Now on 11 March 2023, there are very negative news going around, & some of the highlights are:-
1) Silicon valley bank account are freezed, or in short the
16th largest bank of U.S.A. has collapsed. Which in
turn made an ripple effect on crypto industry as a
whole...
2)After, this news an another news spread rapidly around
the globe, which was, the circle the entity which is
responsible for minting U.S.D.C (a stable from
coinbase exchange) held their funds which are used
backed the U.S.D.C. were held in the silicon valley
bank.
After these the U.S.D.C. lost its pegged value of 1$ and made a low of 0.84$, which is bad for coinbase and for their reputation.
And immediately after the turmoil the coinbase stopped the conversion of U.S.D.C. TO U.S.D.T.
BUT do you know what,
1 kaspa = 1 kaspa
Till the eternity....
Kaspa the indispensable
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- Joined: Fri Mar 10, 2023 6:24 pm