2025-12-10 02:01:06

I was planning to transfer some USDC today, but when I checked the price, I was completely shocked—$7 for 1 USDC???

I had no idea what was going on, and this absurd number was just sitting there on the screen. I can accept losing money on contract trades, and getting stuck holding mainstream or altcoins is whatever. But you're telling me people can even lose money buying stablecoin spot? Buying something that's supposed to be pegged 1:1 to the dollar, and I actually see a price of $7?

I really didn’t see this coming. The market's bugs have reached a whole new level. Some images will stay with you forever—like the moment a stablecoin becomes unstable.

USDC-0,02%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

18 Likes

Reward
18
9
Repost
Share

Comment

0/400

unrekt.eth

· 2025-12-13 01:39

Is the stablecoin collapsing? This is truly an "accident," you could even lose money buying insurance.

View OriginalReply0

MEVHunter_9000

· 2025-12-13 00:51

Stablecoins can all be aped into and still lose money, this market is really outrageous.

View OriginalReply0

GateUser-addcaaf7

· 2025-12-10 20:46

Stablecoins can all crash, my mindset is really shattered. U drops to $7? How outrageous a bug is that, can't even laugh. I just want to ask, who dares to buy the dip at such a price. The market is so surreal, is there anything that is truly stable? I can't hold on anymore, stablecoins are actually unstable.

View OriginalReply0

YieldHunter

· 2025-12-10 02:31

nah wait if you look at the data on usdc depeg incidents... this screams liquidity crunch or oracle manipulation tbh. technically speaking that 7x premium shouldn't even be possible on-chain unless the entire price feed got borked. degens panic selling into a vacuum? or smth actually broke at the protocol level fr

Reply0

NewPumpamentals

· 2025-12-10 02:30

A stablecoin costing 7 each—this is really something you don't see every day, haha.

View OriginalReply0

SchrodingerAirdrop

· 2025-12-10 02:27

If stablecoins can be played like this, what else is there left for us to play?

View OriginalReply0

AllTalkLongTrader

· 2025-12-10 02:26

Even stablecoins can manage a 7x rally—this market is truly unbelievable.

View OriginalReply0

DefiPlaybook

· 2025-12-10 02:21

According to on-chain data, the frequency of USDC depegging incidents is indeed on the rise, but the mechanism behind the $7 price point deserves in-depth analysis. The specific analysis is as follows: First, this usually stems from a liquidity break in cross-chain bridges; second, the accumulation of slippage in trading pairs; third, price discovery failures caused by oracle delays. From these three dimensions, the risk warning is that the "stability" of stablecoins essentially depends on the adequacy of reserves and the integrity of the redemption mechanism. If any link in this chain fails, the price discovery mechanism can completely collapse.

View OriginalReply0

LiquidityHunter

· 2025-12-10 02:03

Even stablecoins can collapse—this market is really something else.

View OriginalReply0