Circle's Risk Management and Stablecoin War with Tether

This chapter discusses the risks associated with Circle having $3.3 billion at Silicon Valley Bank, compares Circle's risk management approach with that of Paxos, and delves into the stablecoin war between Circle and Tether. It also explores Circle's failed ventures prior to stablecoins, the vision for the Center ecosystem, and the divergence in revenue sources between Circle and Paxos.