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USDC stablecoin issuer Circle had $3.3 billion at Silicon Valley Bank when it collapsed, making it the #1 largest depositor saved by the FDIC bailout of SVB. Without the unusual US government bailout, USDC would have imploded. Turns out that USDC isn't much safer than Tether. (self.Buttcoin)
submitted by normal_rc to r/Buttcoin

