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Ryan Berckmans's avatar

Right! Focusing on Maker, the long-tail risk of USDC collateral being blacklisted by Coinbase/Circle is not well understood and difficult to quantify. Maker's USDC/USD oracle is hardcoded at $1, so it's unclear what would happen if USDC collateral was blacklisted or by what mechanism the system would self-heal.

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Kathleen G. Beck's avatar

USDT demand has ballooned in China because the liquid of USDT/CNY of OTC in OKEx, Huobi and Binance and other main exchanges is higher a lot than other stable coins.

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