After all the FUD against BUSD and previously TETHER, the one that is really at risk of following LUNA is USDC, after Circle announced exposure to Silicon Valley Bank, the stablecoin USDC suffers Depegs and loses its parity with the dollar.
See the screenshot below of the price according to the marketcap:
Until recently, almost all YouTubers who talked about cryptocurrencies used to attack BUSD and Tether and had USDC as their darling. Now they are going to say that they were warning about the risks of stablecoins all along.
Every day is a surprise in the cryptocurrency market. Who could have imagined that the 5th largest cryptocurrency by market cap would suffer a problem caused by the traditional market.
I hope Circle can overcome the situation because no one expects a new Luna to appear in the market, which could crash all cryptocurrencies.
Update:
False Flag, USDC is returning to normal