It'sMe on Nostr: > Right. Stablecoins are only as good as the underlying assets. If those assets go ...
> Right. Stablecoins are only as good as the underlying assets. If those assets go away, like they just did 😂 then this is the result.
Their assets were in Silicon Valley Bank? I've barely read anything about SVB's failure, but I did see that most of its deposits were not covered by FDIC deposit insurance.
Published at
2023-03-11 17:47:09Event JSON
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