Apparently, U.S. Regulated Banks Are Riskier Than Stablecoins



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.

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USDC STABLECOIN IN TROUBLE. HERE'S WHY & WHAT YOU NEED TO KNOW NOW.



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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USDC Depeg: What Happened? Safe or Can it Happen Again?



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~~~~~

📺Essential Videos📺

Circle Blackrock WEF Connections 👉 https://youtu.be/H_jGGSpjUbw
Silvergate Bank Collapse 👉 https://youtu.be/064KLVW9M1E
Signature Bank Collapse 👉
Operation Chokepoint 2.0 👉 https://youtu.be/tV1jp4FrKlU

~~~~~

⛓️ 🔗 Useful Links 🔗 ⛓️

► MakerDAO Adds USDC As Collateral: https://www.coindesk.com/tech/2020/03/17/makerdao-adds-usdc-as-defi-collateral-following-black-thursday-chaos/
► Circle Reveals Exposure In SVB: https://cointelegraph.com/news/circle-discloses-3-3b-tied-up-at-silicon-valley-bank
► Billions In USDC Burns: https://www.coindesk.com/markets/2023/03/15/over-two-billion-usdc-stablecoin-burnt-in-single-day-data-shows/
► Circle Chooses Cross River Bank: https://cointelegraph.com/news/circle-taps-cross-river-as-banking-partner-expands-ties-with-bny
► Circle Moves To France: https://www.bloomberg.com/news/articles/2023-03-21/circle-picks-crypto-friendly-france-for-european-headquarters

~~~~~

– 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?

~~~~~

📜 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.

#USDC #Crypto #Stablecoin

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