God Fish: There are 3 billion USDC collateralized to mint DAI on-chain MKR, triggering liquidation will result in heavy losses

According to ChainCatcher news, citing an analysis report by Shen Yu: USDC has two key nodes. The first is that there are 3 billion USDC collateralized in on-chain MKR for minting DAI, and once liquidation is triggered, the losses will be severe; the second is that with banks opening on Monday, a wave of withdrawals is expected, and attention should be paid to the situation of bank runs. Binance currently holds over 3 billion USDC, and it is important to monitor the dynamics of exchanges and market makers. (Source link)