And that’s actually been happening. For week’s usdc’s biggest trading pair has b... | Hacker News

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graeme on July 26, 2021 | parent | context | favorite | on: Tether executives said to face criminal probe into...

And that’s actually been happening. For week’s usdc’s biggest trading pair has been usdt. So some people are dumping usdt on usdc holders at 1:1 ratios.

Why anyone holding usdc would exchange one for a usdt at par is a question I don’t have an answer to, but it’s happening en masse.

ElKrist on July 26, 2021 [–]

"Why anyone holding usdc would exchange one for a usdt..."

One possible explanation is that you have more pairs available for other cryptos with USDT than with USDC on some exchanges

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