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Banking Industry health after Silicon Valley Bank collapse: Difference between revisions
Banking Industry health after Silicon Valley Bank collapse (view source)
Revision as of 13:41, 12 March 2023
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=== USDC === | === USDC === | ||
3.3billion of cash still with Silicon Valley Bank. Redemption will resume on Monday <ref>https://www.circle.com/blog/an-update-on-usdc-and-silicon-valley-bank</ref>. It is possible to gate redemptions or suspend them down altogether, which is important to prevent a run. <ref>https://www.circle.com/en/legal/usdc-terms</ref> Coinbase partner and investor. <ref>https://insidebitcoins.com/news/theres-no-need-to-panic-about-the-usdc-depegging</ref> | |||
Ways how USDC could be saved <ref>https://youtu.be/q7t2if8GAsU</ref> | Ways how USDC could be saved <ref>https://youtu.be/q7t2if8GAsU</ref> | ||
=== Thether === | === Thether === | ||
Money in short term investments. <ref>https://assets.ctfassets.net/vyse88cgwfbl/53L8YRM4ZHCEeqlpKbc3Q8/2e6cbcd1593b3e5ea867718c5938d6c8/Std_ISAE_3000R_Opinion_BDO_31-12-2022_Tether_CRR.pdf</ref> Positive developments if you compare reports? <ref>https://tether.to/en/transparency/#reports</ref> Audited by Italien franchise auditor BDO.<ref>https://en.wikipedia.org/wiki/BDO_Global</ref> No auditing standards. | |||
== References == | |||