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Will USDC collapse? Assessing if the claims hold water

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A few weeks have passed ever since the Terra UST stablecoin crash. The incident seems to have triggered more concerns about stablecoins and USDC has found itself in the spotlight.Recent claims suggested that the USDC might experience a collapse.

Thus, raising concerns about the future of cryptocurrency. Well, to be precise, the claims reveal that Circle might default on USDC reserves because it has been losing money.

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