USDC investor shells out $2M to receive $0.05 USDT trying to evade crash

by Aurelia Butler 12 March 2023, 08:20 119 Views

To cut losses, investors started selling their USDC tokens in exchange for other stablecoins, such as Tether (USDT). Unfortunately, one transaction highlighted by Crypto Twitter member, BowTiedPickle, shows a USDC investor paid over $2 million to receive $0.05 of USDT.

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Source: Cryptocurrency - investing.com

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USDC investor shells out $2M to receive $0.05 USDT trying to evade crash

Circle Burns Nearly $650M, Recovers From Unprecedented Crash

“Banks Are a Risk to Fiat-backed Stablecoins,” Binance CEO Says

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