Crypto Quote of the Day - 12 March 2023

"USDC is the bridge between the traditional financial system and the digital economy" - Kristin Smith, Executive Director of the Blockchain Association.

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I felt it normal to provide a quote about USDC considering all the drama that surrounds it these days and the fact that it got de-pegged from the USD with more than 10%. Since than it succeeded to recoup most of it and have only a gap of 5% to its pegging value, but for sure it provided an earthquake to the entire financial and crypto markets. As the quote says, USDC is a bridge between traditional financial system and the digital economy and the current issues proved that problems can appear from both sides. Stablecoins still present risk and this needs to be considered in any investment, regardless of how appealing some APR% might look like.

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