Stablecoins, love them or hate them they seem to be here to stay. What really makes them stable though besides the empty “promise” of redemption and that they are backed 1 for 1, etc etc. Of course in the wild derivative USDC is printed out on all chains making it nearly impossible to know which are real and which are truly backed by dollars. Well it seems that there is a glitch in the matrix and USDC / Circle looks like it has to scale back and take away use by consumers. How is this going to happen? Most likely you will not be able to redeem them and things continue as usual.
