ODELL on Nostr: when the US gov bailed out SVB it also bailed out USDC USDC is intertwined throughout ...
when the US gov bailed out SVB it also bailed out USDC
USDC is intertwined throughout ethereum, crypto, and "defi" - collateral damage from its failure would have been massive
no lessons were learned - pretty much guarantees a future USDC failure will be much worse 🤷♂️
bitcoin fixes this.
Published at
2023-06-23 14:33:06Event JSON
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"content": "when the US gov bailed out SVB it also bailed out USDC\n\nUSDC is intertwined throughout ethereum, crypto, and \"defi\" - collateral damage from its failure would have been massive\n\nno lessons were learned - pretty much guarantees a future USDC failure will be much worse 🤷♂️\n\nbitcoin fixes this.\n\nhttps://i.postimg.cc/hvc3PCp4/usdc.jpg",
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