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54018372 No.54018372 [Reply] [Original]

GET THE FUCK OUT OF USDC NOW

>> No.54018407

>>54018372
Based savior complex brainlet is based

>> No.54018426

This is a nothingbuger

>> No.54018488

>>54018426
this, treasuries and cash is what you want to see backing these stablecoins from a regulatory perspective

>> No.54018493

>>54018372
I dont hold stables like a retard

>> No.54018539

>>54018426
why is this a nothingburger?

>> No.54018578

>>54018539
You think they just held everything at SVB like a bunch of retards?

>> No.54018583

>>54018539
Because even if a billion is missing thats what they make with bonds anyway so its fine.
And even if it was more they could payout 99% of people and the marketcap would never go this low

>> No.54018690
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54018690

>>54018372
>Tether is unironically the safest bank on the planet
>Literally went from under 500k marketcap in 2015 to almost 100 billion in less then a decade

Who really runs tether?

>> No.54018704

>>54018578
This is crypto. The entire ftx story was retarded beyond belief but in the end it was all true.

>> No.54018787
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54018787

>>54018578
No but they have put their money in silvergate who is liquidated, SVB who is now done, and Signature who is free falling. All the other banks they have cash set up can’t have the same thing happen RIGHT?

>> No.54018882

>>54018578
It's not something you randomly spread around to hostile strangers. Friends and fellow travelers like Silvergate and Silicone Valley own the crypto flow.

>> No.54018914
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54018914

>>54018787
>All the other banks they have cash set up can’t have the same thing happen RIGHT?

>> No.54018967
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54018967

>>54018372
So go all in on BUSD?

>> No.54019286

>>54018372
Cash holdings will be guaranteed by FED when FED takes over. This is nothing.

>> No.54019401

>>54019286
Let's get bailed in everybody.

>> No.54019603

>>54018493
DCA in stables to slurp the upcoming BTC bottom has been and still is the smart move right now.

>> No.54019636
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54019636

>>54018372
Just a coincidence Powell said no bail out for crypto a few weeks ago

>> No.54019770

>>54019603
where is the best arbitrage opportunity in stables right now that doesn't require risky-ass bridging bro? if you can find that, I think that qualifies as a money hack.

>> No.54019826

>>54018578
The FTX scandal was way more ridiculous and much larger scale than this. And it actually happened.

>> No.54020104

>>54018372
Lol, they can just print more USDC and use it as backing

>> No.54020352

>>54020104
did this work with UST?

>> No.54020687

>>54020104
Steady lads

>> No.54020758

>>54018690
> Who really runs tether?
It's not a conspiracy, anon. Tether was from the beginning facing adversarial conditions in regards to banking and regulation. That means, they always had a plan B, C and D to get out of trouble. All this FDIC, regulation, oversight and so on is just a false sense of security.

Tether is the most anti-fragile of the stable-coins. Maybe the only one.

The only thing more anti-fragile than tether is Bitcoin.

>> No.54021685

>>54019286
>he doesn't know

>> No.54023241

Too bad most of my loans are in USDC lol.

>> No.54023323

>>54021685
>he doesn't not know
Stop eating from the tree, retard.

>> No.54023636

>>54018372
great color use on this chart /s

>> No.54023794

>>54018539
cause they moved their money out a long time ago. also its protected by jews and wef

>> No.54023834

>>54023323
No fuck you.