USDC Is the Fucking Elephant in the Room

I just don't think we can trust governments. It is an interesting data point to take into consideration as joint statement came out last week. They were saying, hey, we're fine with you guys banking. Just make sure you have proper due diligence rails in place and you do proper risk management so you don't have systemic risk from one client taking down the rest of your clients. Like I've always thought USDC was short lived. But I wonder if before the cycle ends, we have another big stablecoin failure quote unquote stablecoin failure. The first one being Terra, which was backed by that lunacy coin.

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