/biz/ - Business & Finance

>>58111104

Circle itself wasn't bailed out, 2 US banks holding their money were bailed out. 2 FDIC-insured US banks.

>The Federal Deposit Insurance Corporation (FDIC) has taken over two banks at which Circle held billions of dollars worth of backing for its stablecoin, USDC. By making depositors whole at these insolvent banks, the US government has essentially bailed out USDC’s $1 peg.

>The government declared SVB and Signature as systemically important. To alleviate contagion to the US financial system, the FDIC guaranteed all deposits at both banks — including deposits above the FDIC’s standard, $250,000 per customer limit for federal deposit insurance.

https://protos.com/how-the-us-govt-bailed-out-usdc-stablecoin/

And unlike Tether, Circle is a US entity, plays by the rules and is fully audited, notice how USDC is never implicated in questionable BTC pumps.

Tether is not a US entity, it doesn't play by the rules, it refuses to submit to an audit and is repeatedly implicated in questionable BTC pumps.

>>57959044
>I simply can't leave gains on the table. not this much anyway.

What gains? Paper gains you'll never actually be able to cash out?

Depending on crypto "investing" as a revenue source is a losing proposition.