Mo on Nostr: "Think about it: [USDC issuer] Circle had $3.3 billion of your reserves uninsured in ...
"Think about it: [USDC issuer] Circle had $3.3 billion of your reserves uninsured in the Silicon Valley Bank when it went bust," Lutnick said. "Tether and USDT hold treasuries which earn, like, 5-and-a-quarter percent interest. Why would you put $3.3 billion in an uninsured bank account earning 25 basis points, a quarter of a percent, and be uninsured?"
Why?
#asknostre
Published at
2024-07-28 08:27:33Event JSON
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"content": "\"Think about it: [USDC issuer] Circle had $3.3 billion of your reserves uninsured in the Silicon Valley Bank when it went bust,\" Lutnick said. \"Tether and USDT hold treasuries which earn, like, 5-and-a-quarter percent interest. Why would you put $3.3 billion in an uninsured bank account earning 25 basis points, a quarter of a percent, and be uninsured?\" \nWhy?\n#asknostre",
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