Just yesterday I talked about how the collapse of UST can create fear and reduce confidence (for now). Here's what I meant, I extracted the graph from the last month to date of the most capitalized stablecoins pegged to the dollar:
Suddenly the race for safer stablecoins and the escape from those whose guarantees are considered less solid began. Those with solid financial and fiat guarantees (Binance USD, USD Coin, TrueUSD) have shown an increase in demand but some turbulence is beginning to be felt even on those with a more complex guarantee system linked to cryptocurrency debt (DAI, Pax dollar), finally Tether suffers a negative peak, it is in fact the one that in the common public perception has a less transparent guarantee system.
Precise rules, reserve capital, serious management and transparency today give confidence, in other cases fear is predominant. Hive and HBD can and must be able to give even these certainties to become more popular, in a way that is easy for everyone to understand, especially after the experience we are all living today in the global crypto ecosystem. This (for now) is bad news, but can be a real opportunity.
In the meantime, let's see if the crypto earthquake ends here or if we are still only at the beginning.