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The U.S. Banking System, Federal Reserve, & USDC Post-SVB Collapse with Ram Ahluwalia
Bankless
USDC Is Too Big to Fail
USDC broke the peg traded down as low as 88 cents in the dollar on reporting that 3 billion plus of the USDC reserves outstanding were held at S.V.B. Then on Sunday, the FDIC announced an action to make undershirt depositors whole. So basically we got someone inside on the inside. We did it. We the Ewoks took over and over.
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