Building a Perfect Stablecoin w/ Austin Campbell - Flyhweel #54
Flywheel DeFi
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The Importance of Credit Risk in Stablecoins
Circle had 50% of its liquidity available at all times to be withdrawn. Meanwhile with USDC, I don't think it was even like 10 or 20%. And you know, because of everything that happened in SVB, there was a loss of confidence. We saw this deep egg. Yeah, like you have to be perfect when it comes to stable coins,. Like you cannot miss a beat. Otherwise you end up with a situation with USDC.
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