The email continued to say that stablecoin deposits in other ecosystems, including Ethereum and Cronos, would not be impacted.
Solana is a smart contract platform that is positioned as a competitor to Ethereum offering high speeds and low fees. It hosts a range of decentralized finance apps, but a large portion of its total supply issuffered as a result of FTX’s collapse, dropping over 40% on Wednesday at a price of $14.37. This is 92% below its price from a year ago.
Stablecoins like USDC and USDT, which stay “pegged” to the price of $1, are vital instruments in the volatile world of decentralized finance. It’s unclear why, exactly,did not immediately respond to CoinDesk’s request for comment.
cryptocom skesslr That’s what they are good at.
cryptocom skesslr You have to read first🤦🏻♂️ Fudders
cryptocom skesslr Its pretty straight forward why they would do it XD This is no more than just FUD.
cryptocom skesslr Wait? Why suspend the stablecoin? I still can't understand this move
cryptocom skesslr Classic. And the dummies want to say they feel bad for Sam?
cryptocom skesslr Fk
cryptocom skesslr FTX contagion expands to impact Solana - things are going to get worse before they get better
cryptocom skesslr Time for the $SOL community to move over to hedera
cryptocom skesslr USDT/USDC on other chains operate normally of course. FTX was an important bridge/venue for SOL-based stablecoins, we do not want any additional risk to our users coming from this area, hence disabling it.
cryptocom skesslr inversebrah
cryptocom skesslr cobie
cryptocom skesslr You all should take a look. Apparently RTO is the only token i know, that actually acts as store of value. Less downside effect, massive upside effect.
cryptocom skesslr That happened hours ago…
cryptocom skesslr lmao great picture to use
cryptocom skesslr Fuuuuuuuuckkkkkkkk
cryptocom skesslr Stop all the fud
cryptocom skesslr Bro i knew this like 4 hours ago