Now, it looks like USDC has eroded investor sentiment and forced them to flee to other stables.
Due to the negative news for Circle, USDC pegged further from $1.
As a result, one user chose to escape from the heat into the cold as he wanted to convert his USDC holdings to USDT.
But the bad luck came as the 2 million USDC he held when converted to USDT was worth only $0.05.
It can be said that the current crisis in the crypto world can cause this user to be remembered for a long time.
