# Dydx USDC depeg \[ IMPORTANT \] i will pay 100$ USDC for help **URL:** \ **Category:** Other\ **Created:** [September 2, 2023, 11:56am UTC](https://dydx.forum/t/dydx-usdc-depeg-important-i-will-pay-100-usdc-for-help/1077 "2023-09-02T11:56:39Z")\ **Posts on this page:** 8\ **Page:** 1
**Author:** ![Shanks23](https://avatars.discourse-cdn.com/v4/letter/s/8edcca/32.png) [@Shanks23](https://dydx.forum/u/Shanks23)\ **Post date:** [September 2, 2023, 11:56am UTC](https://dydx.forum/t/dydx-usdc-depeg-important-i-will-pay-100-usdc-for-help/1077/1 "2023-09-02T11:56:39Z")
Good day, I don’t understand one thing about dydx. Everything is shown in USD on dydx. But is it real USD or is that USDC that have been converted to USD I need this information urgently as I have to do my tax return soon. I just don’t know if I can use the USD values ​​on dydx directly to calculate, or if I have to see the USD as USDC first and then have to change it to real USD So: What happens if the USDC falls from 1$ to 0.5$ ? Example 1: ( dydx shows me USD / 1 USD = 2 USDC ) Portfolio Value = 1.000$ so this will be 2.000USDC Position Size = 3.000$ so this will be 6.000USDC Fee = 100$ so this will be 200USDC Unrealized P&L = 6.000$ so this will be 12.000USDC Realized P&L = 150$ so this will be 300USDC Example 2: ( dydx shows me USDC as USD value / 1 USD = 1 USDC = 0,5 USD ) Portfolio Value = 1.000$ so this will be 1.000USDC ( 500$ ) Position Size = 3.000$ so this will be 3.000USDC ( 1.500$ ) Fee = 100$ so this will be 100USDC ( 50$ ) Unrealized P&L = 6.000$ so this will be 6.000USDC ( 3.000$ ) Realized P&L = 150$ so this will be 150USDC ( 75$ ) ---
**Author:** ![luisqa](https://dub1.discourse-cdn.com/flex013/user_avatar/dydx.forum/luisqa/32/795_2.png) [@luisqa](https://dydx.forum/u/luisqa)\ **Post date:** [September 2, 2023, 12:46pm UTC](https://dydx.forum/t/dydx-usdc-depeg-important-i-will-pay-100-usdc-for-help/1077/2 "2023-09-02T12:46:24Z")
In my experience it’s USD being shown (ie 1 usdc = 1 usd). If I don’t trade my portfolio value doesn’t fluctuate, that’s enough to tell you it’s not usdc. Please don’t offer to pay, that can lead to scams. ---
**Author:** ![Shanks23](https://avatars.discourse-cdn.com/v4/letter/s/8edcca/32.png) [@Shanks23](https://dydx.forum/u/Shanks23)\ **Post date:** [September 2, 2023, 1:02pm UTC](https://dydx.forum/t/dydx-usdc-depeg-important-i-will-pay-100-usdc-for-help/1077/3 "2023-09-02T13:02:50Z")
> [@luisqa](#): > > If I don’t trade my portfolio value doesn’t fluctuate, that’s enough to tell you it’s not usdc. For me it was like this: In March when USDC fell 5%, my portfolio value was also 5% lower. ---
**Author:** ![noblepeter2000](https://dub1.discourse-cdn.com/flex013/user_avatar/dydx.forum/noblepeter2000/32/628_2.png) [@noblepeter2000](https://dydx.forum/u/noblepeter2000)\ **Post date:** [September 2, 2023, 9:37pm UTC](https://dydx.forum/t/dydx-usdc-depeg-important-i-will-pay-100-usdc-for-help/1077/4 "2023-09-02T21:37:53Z")
1usd is same as 1usdc ---
**Author:** ![Shanks23](https://avatars.discourse-cdn.com/v4/letter/s/8edcca/32.png) [@Shanks23](https://dydx.forum/u/Shanks23)\ **Post date:** [September 2, 2023, 10:24pm UTC](https://dydx.forum/t/dydx-usdc-depeg-important-i-will-pay-100-usdc-for-help/1077/5 "2023-09-02T22:24:10Z")
Let’s say 1USDC is worth 0.5USD. I deposit 10,000USDC and my Portfolio Value shows me 5,000USD. Now I open a Position with the 5,000USD and pay a Fee of 100USD. After 6 months, Unrealized Profit is 10,000USD. And now i close my Position. Will my Portfolio Value be 9,900USD? ( Because the 10,000USD Profit is 10,000USDC and this is 5,000USD ) Or will my Portfolio Value be 14,900USD? ( Because the 10,000USD Profit is only the USD value from USDC ) Or will my Portfolio Value be 14,900USD? ( Because the 10,000USD Profit is real USD ) ---
**Author:** ![Shanks23](https://avatars.discourse-cdn.com/v4/letter/s/8edcca/32.png) [@Shanks23](https://dydx.forum/u/Shanks23)\ **Post date:** [September 3, 2023, 7:03pm UTC](https://dydx.forum/t/dydx-usdc-depeg-important-i-will-pay-100-usdc-for-help/1077/6 "2023-09-03T19:03:04Z")
I’ve never seen such a dead community like here. 21 hours for a simple Question… Thanks for nothing. ---
**Author:** ![luisqa](https://dub1.discourse-cdn.com/flex013/user_avatar/dydx.forum/luisqa/32/795_2.png) [@luisqa](https://dydx.forum/u/luisqa)\ **Post date:** [September 4, 2023, 6:17pm UTC](https://dydx.forum/t/dydx-usdc-depeg-important-i-will-pay-100-usdc-for-help/1077/7 "2023-09-04T18:17:10Z")
Most of the activity is in the discord, here its more for general governance. FWIW I found an article explaining that 1USDC=USD here, hope it helps: > **[How does Cross-Margining work on Perpetuals? | dYdX Help Center](https://help.dydx.exchange/en/articles/4797405-how-does-cross-margining-work-on-perpetuals)** > > Detailed explanation of cross-margining on the Perpetual ---
**Author:** ![Theo](https://avatars.discourse-cdn.com/v4/letter/t/a87d85/32.png) [@Theo](https://dydx.forum/u/Theo)\ **Post date:** [September 6, 2023, 5:56pm UTC](https://dydx.forum/t/dydx-usdc-depeg-important-i-will-pay-100-usdc-for-help/1077/8 "2023-09-06T17:56:33Z")
Nice question! So as I get it, while the value in USDC may remain constant, the equivalent value in USD may fluctuate if there’s a USDC depeg from USD. However, the fundamental mechanisms of dydx remain intact to ensure market stability.