/biz/ - Business & Finance

>>53412992
And Tether black swan is tossed in there for good measure too. Look at this consistent pattern of cross-trading, the USDC trades might even be going towards USDT with how it's structured. These institutions are completely co-mingled. It's possible that if USDC decouples that USDT would decouple at the exact same time if they've comingled funds to this degree. Basically every SEN participant was working with FTX via these banks which exposes them all to USDT's liquidity, which means that USDC is exposed by default because they not only a SEN participant but SEN's operating bank holds collateral for USDC. I think we are seeing two major stablecoins with funds being pooled.