USDC has 25% of USDC is being held in 6 different banks, one of which is SVB. With SBV collapsing after failing to raise capital is USDC in trouble? Will FDIC deposit insurance cover the hole?
CORRECTION: USDC has 25% of CASH reserves spread between 6 banks. 25% of USDC is being held in 6 different banks, one of which is SVB
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