Circle's USDC scheme is on the brink of collapse. If you read their SPAC IPO filings its clear they have been losing money constantly but theres something dirtier happening underneath. They're at major risk on defaulting on USDC reserves. A deep dive ๐Ÿงต on USDC. ๐Ÿ‘‡

— Geralt Davidson ๐Ÿบ (@CryptoInsider23) June 29, 2022