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The U.S. Banking System, Federal Reserve, & USDC Post-SVB Collapse with Ram Ahluwalia
Bankless
Is the Fed Really Putting Their Foot Down?
The Fed did not provide a system wide guarantee to deposits. The FDIC has $125 billion in their insurance fund, and there's $20 trillion in deposits. It would take an act of Congress to put a system-wide guarantee on deposits.
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