Walikuwa wameweka deposits za customers kwa SIVB na the maximum they can get from FDIC is $250k
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Non white people are bad managers, this was the head of risk management. @Ndindu
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Unbelievable! USDC looked very safe. I’ve now concluded that the very tried and tested USDT is the safer stable coin. It has been in the game for so long without depegging. DAI now comes a close second. USDC might go the UST way.
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Pia hii imedepeg.
Just saw it. Then USDT it is, at least for now.
Katanuka walai
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Usdc is not an algorithm stable coin… what they are experiencing is due to their exposure to…
I am shocked too. Vile watu walikuwa wanasema eti USDC iko regulated sijui what? Heri USDT sasa.
In these #collapse times you must owe the banks money not the other way around lol.
BUSD ndiyo kusema
Mimi hucheza na BUSD na USDT 50/50 or close. Zote ni risky but scared money doesn’t make money.
The United States Securities and Exchange Commission (SEC) recently sent a notice alleging that BUSD violates U.S. securities law.
Following the SEC’s notice, the New York Department of Financial Services (NYDFS) asked BUSD issuer Paxos Trust to STOP minting new BUSD altogether. The minting ban on BUSD has forced Binance to seek alternative methods to meet its stablecoin needs.
USDT looks okay for now. It has ‘fought’ and won many battles since 2014 and was the original stable coin.