Rabbit Hole Recap cover image

Rabbit Hole Recap #234: Where's the money, Barry?!

Rabbit Hole Recap

00:00

Silvergate's a Major Counterpart in the Stablecoin Game

Silvergate saw a bank run of $8.5 billion in deposits, but they still maintain cash balances and excess of digital asset related deposits. If we see a USDC go down, Justin Trons, USDD is like, I don't know who the fuck would trust that. It's not like you can just go to local farmers and start trading gold coins or panicky dollar goes through massive inflation. But if we see aUSDC have issues, that could be a crazy situation that once again, is bullish for self-custody Bitcoin in the long term.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app