Usdc is holding on by a thread, a very, very thin thread.

I believe there will be four ways this will end, I would love to hear you theories and thoughts on what I’m about to say, with further a do, let’s begin.

FIRST OUTCOME

Usdc continues being depegged, and all the 61 billion in the mc gets flushed out, and the market crashes.

And possibly the biggest winter we’ve ever seen.

SECOND OUTCOME

Usdc gets repegged and we all sleep fine tonight, and hopefully soon. And we forget about this whole situation within months.

THIRD SITUATION

All the 61 billion mc in Usdc gets dumped in BTC, ETH, and Alts. Pumping the entire market while we see Usdc get pushed under the rug

FOURTH OUTCOME

Usdc stays depegged and usdt soaks up all that juicy 61 billion mc and continues to become and unstoppable force (at least for now).

These are the outcomes I can think of, I will edit this post and add more outcomes the comments say.

So comment your outcomes you think is a possibility and I’ll add them here:

COMMUNITY OUTCOMES:

OUTCOME 1:

USDC is probably going to dump hard like BUSD did. Traders don't stick around for a depeg because it gets too confusing doing trades, it's only benefit is arbitrage.

-3utt5lutt

OUTCOME 2:

Usdc and tether both depeg, while the stock market also crashes, and banks fail left and right.

Enter central bank digital currency to save the day!

-Lorein6

OUTCOME 3

If USDC doesn't recover the Depeg, stablecoins will be subject to a very hard regulation and scrutiny. Moreover people will loose trust in stablecoins.

This stress test and reaction it is necessary, however.

Billions dollar worth assed should be backed by a very solid structure.

-Artichoke

OUTCOME 4

Pending