This market aims to predict whether USDC will be reasonably pegged at $1 USD value by the end of March. Reasonably pegged means that it has a value of at least $0.995 at 00:00 (UTC) on April 1, 2023. This market has a 7 day grace period. This means that all predictions will be locked in and trades will be halted on March 24, 2023. Outcomes will not be redeemable from March 24 until the resolution of the market in early April. This market will resolve according to the price of Kraken’s USDC/USD spot pair. You can find this information at: <a href="https://pro.kraken.com/app/trade/USDC-USD" rel="noopener noreferrer" target="_blank">https://pro.kraken.com/app/trade/USDC-USD</a>. The precise API call that will be executed to resolve the market can be found here: <a href="https://github.com/maltekliemann/misc-scripts/blob/master/usdc.py" rel="noopener noreferrer" target="_blank">https://github.com/maltekliemann/misc-scripts/blob/master/usdc.py</a>. If the queried price is at least $0.995, then the market will resolve to YES. If the queried price is less than $0.995, the market will resolve to NO. Note that the market will resolve to NO even if USDC was reasonably pegged before the end of March and depegged again.

Zeitgeist

Zeitgeist

Will USDC be $1 at the end of March?

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