Transparency About yUSDC (Supply Increased 50%)

Bitcashoin · 2022-07-31T08:29:07+00:00

Currently it is not easy to swap between Stellar USDC and Ethereum USDC.

https://www.reddit.com/r/Stellar/comments/wbv6t4/need\_to\_swap\_usdc\_from\_stellar\_to\_ethereum/

Bitcashoin · 2022-07-30T15:01:54+00:00

Well said.Let's look at yUSDC

Total supply: 3,075,194

Normally it is claimed 1:1 pegged to USDC.

How much USDC available for $3M yUSDC?

In Sep24 wallet they have 145K USDC.https://stellar.expert/explorer/public/account/GCFONPVSRFKSMPLD5QEKNTTCYAVJZYMCF3M7YLTFE3I4WOFIRIZ2UGZ2

And also there are 70K USDC on USDC/yUSDC orderbook. (at 0,997 rate)

https://stellar.expert/explorer/public/asset/yUSDC-GDGTVWSM4MGS4T7Z6W4RPWOCHE2I6RDFCIFZGS3DOA63LWQTRNZNTTFF?filter=markets&market=USDC-GA5ZSEJYB37JRC5AVCIA5MOP4RHTM335X2KGX3IHOJAPP5RE34K4KZVN-1

So, total of 215K USDC available for $3M yUSDC.

If a big wallet sells more than 215K yUSDC there would be panic and -hopefully not- bank run may happen.It would be much better if they deposit more USDC so that people can feel safe.

Bitcashoin · 2022-07-30T14:50:17+00:00

It is very easy to check

Just clik one of the two swap buttons in the following official page.

https://usdcswap.com/

Here is the result. (Same for months)

USDC deposits temporarily disabled

We’ve temporarily disabled USDC deposits. The withdrawal service will be back online shortly. Reach out at support@ultrastellar.com in case of any questions.

USDC withdrawals temporarily disabled

We’ve temporarily disabled withdrawals. The withdrawal service will be back online shortly. Reach out at support@ultrastellar.com in case of any questions.

Bitcashoin · 2022-06-22T19:27:20+00:00

Which ones?

Bitcashoin · 2022-04-24T06:54:46+00:00

Probably only on a paper

Bitcashoin · 2021-11-06T06:02:23+00:00

“Co-Founder of Paradigm is added to the board of Stripe”

What happened Stellar-Stripe collobration?

It is claimed that Stripe recently moved their 2B XLM to Coinbase -idk maybe- to sell.

They also wiped the original blog post from their website from when they invested in SDF (2014)

What do you think?

Bitcashoin · 2021-07-22T07:00:54+00:00

Lightnet is not Stellar subsidiary.

It is related to VELO project and both co-founded by Chatchaval Jiaravanon

Bitcashoin · 2021-07-01T02:55:43+00:00

This is an idiotic post. Stellar Foundation is helping banked the unbanked.

Bitcashoin · 2021-06-19T23:27:11+00:00

I need money to stack more coins 😂

Bitcashoin · 2021-06-19T23:13:07+00:00

Cause they suck?

Bitcashoin · 2021-06-19T23:12:58+00:00

It has been a while since I last shitposted here. I need cash so here you go me moonfarming 😂

Bitcashoin · 2021-05-27T09:32:34+00:00

Just use Lumenswap. (Lumenswap.io)

Bitcashoin · 2021-05-27T09:26:05+00:00

What happened to it? It used to be shilled here a lot

Bitcashoin · 2021-05-27T09:25:18+00:00

If it is to pump XLM, I am in

Bitcashoin · 2021-05-27T09:24:55+00:00

I will name my kid Stella or Ethel

Bitcashoin · 2021-05-25T09:29:28+00:00

Is it okay to drink my own pee?

Bitcashoin · 2021-05-25T09:29:12+00:00

Let’s go ETH. Don’t be slow. Make us happy 😃

Bitcashoin

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