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Will the US Default on Its Debt? Circle Ditches Treasuries and Tether Buys BTC

The Breakdown

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Introduction

The Breakdown is a daily podcast on macro, bitcoin and the big picture power shifts remaking our world. Today we are very much in the realm of where macro and the crypto industry intersect. The story of USDC's reserves and circles relationship with the US government has been one of the weirdest aspects of this cycle.

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