Just when I was about to give USDC the benefit of the doubt because I thought the company responsible for USDC issuing, CIRCLE, must have learnt a lot from other failed crypto projects. USDC is a stablecoin that is originally on the Solana blockchain, pegged to a dollar and is among the most prominent stablecoin in the crypto space and community. Few days ago the bank Silicon Valley closed down due to some regulatory issues, but guess which crypto company had some money which amount is het to be disclosed, in the bank? Yeah, you guessed it right, circle, the company behind the stablecoin USDC.
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This is what you get when a centralised entity is handling a crypto project, right now we don’t know if the stabelcoin USDC is about to be in great trouble as circle had an undisclosed amount in the closed Silicon Valley bank. USDC is backed by fiat to sustain its $1 peg, so for every $1 USDC there is an equivalent $1 fiat to back that USDC, this is how it retains its $1 peg. If the undisclosed amount in Silicon Valley bank gets disclosed are we going to see a massive Depeg of USDC from$1. We saw what happed to BUSD when SEC sued pacts its issuer and they were forced to stop minting, because, its a centralised stablecoin and its assumed to be a security.
We have been seeing how centralised StableCoins are being targeted because the government has access to their devs, decentralised StableCoins like the hive Backed dollar is not backed by fiat rather its backed by Hive which is a decentralised coin, making the Hive Backed dollar coin a complete decentralised stablecoin that can not be shut down by the government or have parts of its liquidity stored in a fiat bank.the Hive Backed Dollar coin value is dependent on the Hive coin. Glad I don’t have any USDC, for now the Hive backed dollar is the only stablecoin I trust and love using it because, aside the fact I enjoy 20% APR, I am not worried about SEC suing HBD or regulators shutting the minting of HBD down.
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@azircon sorry to tag you because I warned this person before but he is not stopping and sharing 3 posts daily to farm @leo.voter upvotes. Whenever leo voter reach 100% voting power this person sharing post so that he can get the upvotes. You can check the posts publishing pattern and it is according leo voter voting timing.
Lol, you are happy now?
@azircon a random person comes to tag you on my post to downvote and without proper investigation, you downvoted my post.
I Hope you Channel this energy into being more positively productive with your life.
Sharing 3 posts is clear farming and reward abuse and I warned you before but you keep sharing 3 posts for leo voter upvotes. This is not money making machine do a fair use.
If you do your research properly you will see that I make two posts a day, I am in a different time zone so sometimes they appear like 3 sometimes. But I make sure they are 2 posts a day. And who gave you the right to dictate who upvotes my post or not? Do you go around tagging posts that are under rewarded to be curated more? It's @leo.voter 's decision to curate who ever they want or feel like as long as no rules are broken. Do you go around reporting accounts that are on auto upvotes? About half of my post didn’t get curated by @leo.voter for this week, but got downvoted by @azircon anyways. I am suspecting you are just a hater who created this account specially for me. I have brought so many people to Hive and I am suspecting you to be one of those people to be the owner of this account who created this account specially to troll and hate me on the blockchain. The blockchain is supposed to be hate free but you seem to have that in your agenda. Just the way you have dedicated your life into hating people like me and trolling and wishing me downvotes for your personal hate pleasure. Channel that energy into something productive and also tag whales on under underrewarded post to also get rewarded. Because you can’t waste your life on negativity alone, do something productive with it too.
not only you but whoever farming leo voter upvotes by sharing 3 posts, I will report them. And you are sharing 3 posts in 24 hours which is not fair use.
I have gone through your activities and I am the only one you are reporting. are you also reporting people that are on auto upvotes? That is not farming too? @leo.voter curating my post is farming according to you because you said so? Or because you own Hive?
Before Your report, I have reported cleanplanet abusers who created multiple accounts to farm clean planet rewards. you are not the first person. Hive has the greatest projects and if we farm the rewards of these projects then it is not good. you are the 9th account that I am reporting. and there will be 10 , 11, 12 and more. so don't worry i am not your enemy or hater.
As a hater who created this account just to troll me, I see you don't have Hive power or resource credit to make comments, so you have to constantly wait for your resource credit to replenish before you make a comment, I would have delegated some HP to you to save you the stress of waiting for hours to reply, but I don't want you using my HP into spreading more hate to other people. So reply this message when your resource credit replenishes.
Sorry you can't buy me from delegation. simple and straight logic when you are getting one upvote in a day by @leo.voter , you must not share second post in greed. every good content creator deserve one upvote in one day of leo.voter... by sharing multiple posts you are taking the rights from other users. Do a fair use that's it...
Lol, funny to think I wanted to buy you from delegation. I can't delegate my HP to you if you are not doing something positive with it. You have so much hate in you and you should try healing.