1USCD De-peg

Hello all,

I’ve probably been living under a rock, but I just found out that my 1USDC on the ONE network is worth nothing due to a de-peg. I don’t know much about it and I wonder if someone can help me.

Is there still a possibility that it will come back to the old level? It’s now worth less than a 1/10 of what it was. Can someone tell me how this happens and if there is anything I can do?

I thought 1USDC was the same as USDC. I know, It’s stupid and save the effort with what I should have done. I hope someone can give me advice.

Thank you in advance


Following this. Could use some guidance from the community on what I should do with my 1USDC right now? I saw the website of the Harmony Recovery fund that converts my 1USDC into USDS but not sure if that is the route I am supposed to take OR if I just hold tight for now.