#stablecoins Really Stable? #stablecoin #usdc #usdt #usdccoin #bitcoin #crypto #usdcoin #ethereum

Why use USDC? Its been known to have an artificially inflated market cap.

Who even trusts $USDC anymore? It lost a ton of users when it depegged. Why stick with an unstable stablecoin?

Circle claims to uphold their mission and values, but right now, they're the least transparent company in the stablecoin game... Transparency and stability? First of all, they haven't undergone any audits, and secondly, we can't confidently say their stablecoin is stable, given its recent depegging. It's safe to say they might not be entirely truthful. 😂

What if Jeremy Allaire took the initiative to seek out a reputable accounting firm to conduct audits on USDC's reserves? People have been requesting this for years, and yet, there has been no action. Is there something they're trying to keep hidden?

What's the rationale for continuing to using USDC? USDC remains unaudited, and its market cap has nosedived by a whopping 30 billion. Moreover, its usage has significantly dwindled since the depegging. Placing trust in a stablecoin like this could result in substantial losses in this market. 🤔

I never had faith in USDC from the beginning. They never underwent an audit, to begin with.