recently I noticed that the spread for the USDC quote for Euro is pretty high. I can transfer my money by USDC currently locked at the rate of 0,85€ per USDC. But the coins in my wallet have a USDC value of currently 0,82€. This is a spread of more than 3,5%!
I can understand that the spread is used as a kind of security for the volatility, since it sometimes takes a few days until the money is transferred from the personal bank to nash bank, but the USD/EUR doesn’t experience such volatility within few days that a 3,5% spread is justified.
So can you explain me this huge gap in the ask and bid price you are offering there?