Технологија

Да ли је Квон имао исправну идеју, банке су ризик за стабилне цоине са фиат-бацкингом: ЦЗ

03/12/2023
Битцоин Етхереум Невс

The death spiral of the Terra (LUNA) and TerraUSD (UST) ecosystem served as a catalyst to the 2022 bear market — causing losses in the millions, damaging investor sentiment and intensifying the regulatory spotlight over cryptocurrencies. However, the recent depegging of Circle’s USD Coin (USDC) led Binance CEO Цхангпенг 'ЦЗ' Зхао to believe that traditional banks are a risk to stablecoins that are usually pegged 1:1 with fiat currencies, like the US dollar.

On March 11, Circle disclosed that Silicon Valley Bank (SVB) did not process its $3.3 billion withdrawal request. The crypto market responded to the revelation by selling off their USDC holdings, causing the US dollar-backed stablecoin to lose its peg. Given SVB’s direct involvement in destabilizing USDC prices, CZ blamed banks for increasing the risks of stablecoins.

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Supporting CZ’s sentiment, a community member pitched the idea of a crypto-backed stablecoin. CZ responded by highlighting the defunct algorithmic stablecoin launched by До Квон, говорећи:

“Do Kwon actually had the right idea, but just failed miserably on execution.”

Штавише, према to CZ, fiat currencies — in themselves — are a risk without getting crypto into the equation.

While numerous jurisdictions have sought legal actions against Kwon, the entrepreneur continues to reside in a safe haven unknown to the authorities.

Релатед: Кругова УСДЦ нестабилност изазива домино ефекат на ДАИ, УСДД стабилне цоинс

Many investors foresaw the possibility of USDC depegging and decided to sell their holdings to avoid losses. However, for one such investor, a hasty decision led to a loss of over $2 million.