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> basically a money market fund When money market funds were all about to break the buck in 2008 the Treasury department stepped in with a $50 billion insuranc
by ralph84 4y ago
> basically a money market fund
When money market funds were all about to break the buck in 2008 the Treasury department stepped in with a $50 billion insurance program and the Fed started buying commercial paper to prop them up. Will they do the same for USDC?
- wskinner 4y agoI don't know, and you should include that in your personal risk model. "basically a money market fund" is certainly not intended to suggest a certain level of safety. It is a comment on the structure of the asset.