How the US gov’t bailed out USDC stablecoin
The FDIC has taken over two banks at which Circle held billions of dollars worth of backing for DeFi’s most popular denominator.
Cryptocurrency news by Protos · Protos
March 16, 20234m 41s
Audio is streamed directly from the publisher (sphinx.acast.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
The Federal Deposit Insurance Corporation (FDIC) has taken over two banks at which Circle held billions of dollars worth of backing for its stablecoin, USDC. By making depositors whole at these insolvent banks, the US government has essentially bailed out USDC’s $1 peg.
Hosted on Acast. See acast.com/privacy for more information.