Orby Network (USC) (USC)

Orby and Cryptocom.

Why am I mad about what's happening right now?

Not because the market is bad, nor because $CRO is struggling (I had five years to get used to that).

The reason I'm mad is that USC has been depegged ever since Cryptocom withdrew most of its initial liquidity from @OrbyNetwork — around 20k $CDCETH and $USC — making USC far less stable than it was supposed to be. It's Cronos Chain's only native stablecoin.

It was meant to show stability, professionalism, and most importantly, trust. None of these are present right now.

At the start of the depeg, some @cronos_chain users took risks to repeg it, which helped somewhat, but now — due to many people having to readjust their debt on Orby — USC has depegged even more. So the initial users who tried to fix the problem are now in even worse trouble, while everyone else has been left without help.

Meanwhile, @cryptocom is sitting on $80,000,000 worth of CDCETH (which was initially in Orby) and waiting for CroFam to sort out THEIR problem.

I per