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Nansen CEO Says Circle and USDC to Recover, Suggests Flawless Redemptions on Monday

Alex Svanevik, CEO of blockchain analytic platform Nansen, expressed his optimism for Circle and USDC's recovery. He stated:

"I think Circle and USDC *can* make it."

I’d focus on 4 things:

1/ Flawless redemptions starting Monday

2/ Daily comms on exact redemption numbers here on Twitter from CEO

3/ Calls with top 10 market makers this whole weekend - they need to 100% trust redemptions

4/ Don’t call for bailouts publicly
— Alex Svanevik 🐧 (@ASvanevik) March 11, 2023

Svanevik says it is possible for Circle and USDC to recover with flawless execution in the coming days. Svanevik suggests focusing on four key aspects: ensuring flawless redemptions starting Monday, providing daily communication on exact redemption numbers from the CEO on Twitter, conducting calls with the top 10 market makers throughout the weekend to gain their trust, and avoiding public calls for bailouts.

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Nansen CEO Says Circle and USDC to Recover, Suggests Flawless Redemptions on Monday

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