The domino effect of the bank's crumble could leave a lasting impact on the global financial order. The sudden downturn due to the extreme FUD in the market is inciting significant market correction and smart investors can leverage this opportunity to book some profits.
The USDC stablecoin currently has a circulating supply of approximately $40.9 billion. Recently, Silicon Valley Bank failed to transfer $3.3 billion, which accounts for 8% of the total reserve. This means that the remaining 92% is still in circulation.
As the USDC is specifically designed to maintain a 1:1 peg, it may be an opportune moment to consider purchasing. The current exchange rate is hovering around $0.8900, which presents an excellent opportunity for investors to allocate some of their spare funds and potentially earn a quick gain of 4-5% in the short term.
While the market is expected to recover, it's important to exercise caution before making any investment decisions. If you have a good feeling about the reliability of USDC, it may be worth considering as a potential investment option. However, it's crucial to do your own research (DYOR) and assess the risks involved before investing in any market.
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
