decentralized derivatives trading platform
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DYdX: All positions, collateral and funds paid by the platform in USDC will be denominated in USD
On March 11, dYdX, a decentralized derivatives trading platform, posted a message on social media saying that in view of the recent events surrounding the Bank of Silicon Valley, dYdX decided to continue to operate at the actual dollar price of USDC, without assuming that USDC=USD. Interpretation of this information: The message posted by dYdX on March 11 appears to be a response to some recent events involving the Bank of Silicon Valley. This suggests that there may have been some concerns about the stability or reliability of the banking…
