Novatti - The $1 party, page-4132

No.

The whole market is fried. (Recessions are constructs!)

That said, the risk on the Books was only 3 Billy for Circle and they have that and more in cash too.

The USA peoples that have cash in the bank are covered up to $250k per person.

This was an alleged smash and grab by Senator Elizabeth Warren on Crypto to destabilize the USDC rails. For many other various reasons, it's no secret that the Banks Leadership team unloaded last month a heap of their shares too.

#USDC is nearly back at the peg and there have been some amazing learning opportunities with this episode

One is how the new Reserve Protocol (#RSR) handled this with RSR 2.0, with incredible grace and it actually made those holding their eUSD Stablecoin whole! (Currently underway) so there are long-term solutions coming, that work now with digital assets to tie them to Real World Assets which actually make Crypto safer than banks in that 24 hours those with the eUSD/USDC blend would be made Whole.

Whilst the Account Holders at Silver bank it could be 4-6 months before they get their Gov Guarantee checks.

More here:

https://twitter.com/nnevvinn/status/1634493438916952065?s=20

Either way, interesting times and TradFi will kick and scream but in the end, the Internet will eat it all, the Boomers can't stop it.

Bon Labor day to y'all!

Lastly, have a look at Kaspa Currency or #KAS if you'd like to be early I shared it here in August 2022 but it's passed Alpha now.

#GLTA