The bank became a crypto onramp/offramp and also counted a bunch of web3 stuff to not draw down their deposits. That we can't let crypto-ponzi involved stuff i

The bank became a crypto onramp/offramp and also counted a bunch of web3 stuff to not draw down their deposits. That we can't let crypto-ponzi involved stuff infect the real system and get bailouts is a general sentiment over this that makes sense. $250,000 per account is what we are mandated to compensate Circle legally and to go beyond is people who stayed out of crypto subsidizing the crypto ponzi scheme ecosystem. USDC can probably maintain $1 from the crazy amount of slippage from people losing their keys anyway.