ā³ļø dcposch on daimo
@dcposch.eth
this seems like a panicky overreaction. - Circle only held $3.3b (out of 50b+) in SVB - They'll get most of that back. SVB is not FTX! There's enough assets to cover (or like ~95% cover) deposits - Coinbase has $5b+ cash on hand and gains nothing from letting USDC die 1 USDC = $1 https://i.imgur.com/yc6v5RM.png
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tldr (tim reilly)
@tldr
This call aged like fine wine š·š„©š
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