buncha spammers, hate this...

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Not 2 b used they hav baD reC0rd seek Jeff silbert 3 9 g mail

USDC has introduced new features to enhance transparency and usability, including real-time auditing of its reserves to boost trust among users. The stablecoin is also expanding its integration with decentralized finance (DeFi) platforms to facilitate smoother transactions and liquidity across the crypto ecosystem.

Seeeeèew

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Well here we go with USDC, PYUSD is at the game now

made stupid money buying dip

Wonder if people still wants out of USDC. Is there more trust in US banks today? And btw ... is First Republic Bank gonna be the bank of the day ...

The collapse of Silicon Valley Bank (SVB) last week has already sent tremors in the crypto space and now New York State regulators shut down Signature bank.

Commenting on the closure of Signature Bank, the New York State regulators noted:

It was “in light of market events, monitoring market trends, and collaborating closely with other state and federal regulators” to protect both consumers and the financial system. No losses will be borne by the taxpayer.”

U.S. government guarantees all Silicon Valley Bank deposits, money available Monday ... that's amazing

I wonder if panic sellers can complain on, that they didn't get 1:1 on the dollar when they panic sold.

Crisis for UK start-ups after Silicon Valley Bank collapses

Britain’s technology industry has been thrown into an “existential” crisis after the Bank of England seized control of a pivotal lender to the sector.

The central bank is due to place Silicon Valley Bank UK into insolvency on Sunday. It took control of the bank on Friday night after the shock collapse of its US parent. Chancellor Jeremy Hunt was today considering stepping in amid mounting pressure on the Government to support the bank before markets reopen on Monday.

A Treasury spokesman said: “The government recognises that tech sector companies are often not cashflow positive as they grow, and that they rely on cash on deposits to cover their day to day costs.”

In the US, a major cryptocurrency – USD Coin – saw its value drop sharply after its parent company, Circle Internet Financial, said it had $3.3bn (£2.7bn) deposited in the collapsed SVB. The value of USD Coin, which is intended to trade at exactly $1, fell to a low of 87 cents on Saturday morning before recovering.

Real full article: https://uk.yahoo.com/finance/news/crisis-uk-start-ups-silicon-183000438.html

Un Stable coins .

Nice stress test

USDC :'( you should be superior

3.3 billion was in Silcon valley bank for USDC, 8% of their reserves. the account its in is coverd by FDIC for only 250k for the whole account not per USDC holder.

Also now everyone is liquidating USDC , circle will have to sell US treasuries before the 3 month maturity at a lose furthering this problem.

Im beating the chain gets frozen soon. BTC will moon as everyone has no where else to go to get out of stable coins, then it will sink. thats my guess.

BREAKING NEWS: Uncertainty stands around multi-billion USDC empire as issuer Circle held reserves at Silicon Valley Bank.