Hal Press: USDC is finally or will be completely re-anchored

On March 11, Hal Press, CEO of North Rock Digital, a hedge fund, tweeted that Circle held 77% of the reserves in the treasury bills of 1 to 4 months, providing a lower limit of 0.77 for USDC; The total loss of Circle is expected to be 0.8% to 1.5% of USDC at most; Therefore, we have chosen to continue to buy at US $0.88, and have previously bought at US $0.935; The USDC is likely to be completely re-anchored eventually.

Interpretation of this information:

On March 11, Hal Press, the CEO of North Rock Digital, a hedge fund, tweeted about the recent happenings in the world of cryptocurrency. Apparently, Circle, a financial services company, held 77% of the reserves in the treasury bills of 1 to 4 months, signaling the lower limit of 0.77 for USDC. The total loss that Circle can expect is between 0.8% to 1.5% of USDC, which is a relatively low amount.

Despite these revelations, Press suggests buying USDC at US $0.88, as it seems to be a smart move. This is because despite the expected loss Circle is set to face, the USDC is likely to recover in the future, given the current market trends. The tweet implies that Press has already bought USDC at a higher price of US $0.935, indicating that he is confident the value will go up in the future.

The implication of the message is that USDC is likely to be completely re-anchored in the future, but the exact timing is uncertain. It is probable that its value will fluctuate in the short term due to the expected losses, but its long-term prospects remain potentially lucrative. Investors who buy in at its current price can potentially make a significant profit when the USDC rebounds in value, particularly if this happens quickly.