Stablecoins have long been seen by U.S. policymakers as risky and a potential threat to U.S. financial stability. How ironic, then, that it was the failure of a U.S.-regulated bank in SVB that caused peril to USDC last weekend. NLW explains how USDC fell off and then recovered its peg, while also giving an update on Operation Choke Point 2.0.
USDC just de-pegged and things are going down fast. The reason – SILICON VALLEY BANK became insolvent and this is the outcome. Here’s what you need to know and what I’m doing to not let it affect things around me.
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***NOT FINANCIAL, LEGAL, OR TAX ADVICE! This channel is for entertainment purposes only and is just my opinion as I am not an expert or a financial planner. Please perform your own research.
– TIMESTAMPS –
0:00 Intro
0:48 Circle And USDC
5:03 USDC Loses Its Peg
9:21 USDC Regains Its Peg
13:57 USDC Regulation Concerns
18:05 Which Stablecoin Is The Safest?
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.