Around USD 70 million of USDC positions may face liquidation risks

Traders who use DeFi protocols to bet on USDC's recovery over the weekend could face an 8-figure liquidation risk, if USDC loses its peg again this week. According to DeFi Llama, there are US$70.8 million in positions that could be liquidated between US$1.00 and US$0.9, with two positions recently filled by interest protocol Compound worth US$20.7 million and US$15.4 million respectively.

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