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The fed recently reduced reserve requirements to zero, so banks need exactly zero cash on hand to fund withdrawals shockingly And circle had ~$10B is cash at b
by shawabawa3 4y ago
The fed recently reduced reserve requirements to zero, so banks need exactly zero cash on hand to fund withdrawals shockingly
And circle had ~$10B is cash at banks for redemptions, $3.3B of which in SVB
- throwayyy479087 4y agoGonna need proof. Doesn’t sound like something the Democrats would do.
- chrisbolt 4y agohttps://www.federalreserve.gov/monetarypolicy/reservereq.htm https://www.federalreserve.gov/monetarypolicy/reservereq.htm