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> before an FDIC settlement was announced, uninsured SVB deposits were reportedly trading between $0.75 and $0.90 The key point is that those were uninsured de
by lordfrito 4y ago
> before an FDIC settlement was announced, uninsured SVB deposits were reportedly trading between $0.75 and $0.90
The key point is that those were uninsured deposits.
Anyone under FDIC protection was fine.
At best a stablecoin is like an uninsured bank deposit, in an unregulated bank. No thanks, I'll stick to FDIC coverage.