The founder of Nansen suggested that Circle begin to redeem USDC next Monday

According to reports, Alex Svanevik, founder of Nansen, tweeted that I think Circle and USDC can survive the difficulties and need first-class execution in the next few days, and suggested that I would pay attention to four things: 1 Perfect redemption from Monday; 2. The CEO publishes the daily newsletter of accurate redemption figures on Twitter; 3. Talk with the top ten market makers at the weekend, they need 100% trust to redeem; 4. Do not publicly appeal for relief.

Interpretation of this information:

The founder of Nansen, Alex Svanevik, recently tweeted about Circle and its USDC (USD Coin) stability in the coming days. According to reports, Svanevik believes that Circle and its USDC can overcome the present challenges if they execute with excellence. He then provided four points of focus in his tweet.

Firstly, Svanevik suggests that Circle should aim for perfect redemption from Monday. This is a critical aspect in terms of gaining trust from customers and the wider community. The ability to promptly and efficiently redeem USDC will establish Circle’s commitment to its customers and strengthen confidence in the USDC.

Secondly, Svanevik directs the CEO to publish a daily newsletter with accurate redemption figures on Twitter. This would provide complete transparency and give customers access to essential information. Accurate redemption figures would also reinforce the trust that the CEO’s followers have placed in Circle.

Thirdly, Svanevik recommends that Circle speaks to the top ten market makers over the weekend. He emphasizes the need for top-level communication to establish 100% trust and understands the significance of these interactions in the redemption process.

Finally, the founder of Nansen advises Circle to refrain from publicly appealing for relief. He warns against the possibility of negative effects if the public feels that Circle is in a weak position. The need to establish trust through perfect redemption, accurate information, and careful negotiation with market makers is essential for Circle’s survival in this scenario.

To summarize, the three essential keywords in Svanevik’s tweet are redemptions, transparency, and trust. Perfect redemption of USDC and accurate information through daily newsletters are crucial for establishing transparency. Additionally, communication with the market makers establishes trust and provides a level of security to USDC holders. Finally, the importance of avoiding public appeals for relief to retain confidence in Circle and USDC’s credibility cannot be underestimated.