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Possible Impacts of USDC’s Two Key Nodes on the Crypto Market

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It is reported that the encrypted KOL \”Shenyu\” tweet analysis said that the USDC has two key nodes. The first is that there are 3 billion USDC mortgages in the…

Possible Impacts of USDCs Two Key Nodes on the Crypto Market

It is reported that the encrypted KOL “Shenyu” tweet analysis said that the USDC has two key nodes. The first is that there are 3 billion USDC mortgages in the MKR on the chain to cast DAI. Once the liquidation is triggered, the losses will be heavy; Second, the cash withdrawal tide of banks opened on Monday, which requires attention to the situation of bank runs. Coin An currently holds more than 3 billion USDCs, and needs to pay attention to the dynamics of exchanges and market makers.

Viewpoint: There are 3 billion USDC mortgages in MKR on the chain to cast DAI, triggering liquidation will cause heavy losses

Analysis based on this information:


According to the analysis made by the encrypted Key Opinion Leader (KOL) known as “Shenyu,” the crypto market needs to pay attention to the two key nodes of the USD Coin (USDC). USDC is a stablecoin pegged to the US dollar and is widely used in trading and transferring assets on the blockchain. The first node identified by Shenyu is the high amount of USDC mortgages in Maker (MKR), which may trigger heavy losses once liquidation is triggered. The second node is the cash withdrawal tide of banks that opened on Monday, which may lead to bank runs.

The first key node of the USDC identified by Shenyu is the large amount of USDC mortgages in MKR. The Maker protocol allows users to lock up collateral, including USDC, in exchange for Dai (DAI), a stablecoin pegged to the US dollar. Once the value of the collateral drops below a certain level, a liquidation process is triggered, and the collateral is sold off to repay the DAI loan. With more than 3 billion USDC in MKR, any liquidation triggered may result in losses and have negative implications for the crypto market.

The second key node is the cash withdrawal tide of banks that opened on Monday. This may result in bank runs, which occur when depositors lose confidence in the bank and withdraw their deposits at the same time. Bank runs may have a systemic effect on the financial system, which may trigger a crisis in the stock market, commodity market, and currency market. The impact on the crypto market may also be significant, as USDC is widely used in trading and exchanging cryptocurrency assets.

Coin An, which holds more than 3 billion USDCs, must pay attention to the dynamics of exchanges and market makers. The potential impact of the two key nodes identified by Shenyu on the crypto market emphasizes the importance of risk management in the cryptocurrency market. As the crypto market continues to grow, it must be aware of the potential systemic risks that may arise from the use of stablecoins and other digital assets.

In conclusion, the two key nodes of the USDC identified by Shenyu may have significant implications for the cryptocurrency market. Risk management and monitoring are essential to avoid negative systemic impacts on the financial and crypto markets. The crypto market must continue to evolve and adapt to the new risks and opportunities that arise from the use of digital assets and blockchain technology.

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