Dai is right now over colletoralized by only 126% and over 70% is usdc, which is issued by circle. Circle their assets that back usdc are now a 100% managed by black rock. The company that is the biggest market maker and liquidity provider in the world … also destined to become the biggest loser if the stock market starts running on blockchains and through defi blackrock now has to compete with millions and millions of individuals that can also market make and provide liquidity using amm’s
Since a very large part of Defi needs usdc for stability, the fact that the company that has the most to lose if defi takes over now manages it can’t be good.
They might try Microsoft their embrace, expand, extinguish strategie on Circle and their usdc.
So yeah … if I’m right short usdc (no downside) and diversify your stablecoin collection.
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments