RE: How Silicon Valley Bank Failure Affects Us
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Have you thought about that the 'clever guys' want to steal some money from crypto guys (or cover their losses)??? or simple just hit the cryptos a bit (maybe profit from that).
As USDC issuer was a client of this Silicon Valley Bank. USDC has a market cap of 40 billin USD... and you see how stable it is...
if USDC goes down, that will be huge in crypto space, too. i never used, but kinda insane, crypto guys (big ones) didnt know they tied to a bank with that...
At least finally, it would show some logic, reason behind the SVB failure, as at the moment it looks incredibly stupid, or more like done by purpose, just don't get the why.
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