USDC has de-pegged for couple hours now.
After SVB, many are picking another counterparty to park their cash.
How about not picking another counterparty?
Park your cash in Bitcoin. Sound like a great idea.
Stablecoin is not so stable. Re:USDC
M2 collapsedβ¦
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Half of all US startups were tide up with SVB. Pretty ugly situation.
Coinbase stopped USDC to USD conversion.
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Sad to see some of my investments in funds and startups have exposure to SVB. I hope the situation can resolve quickly.
