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Replying to Avatar preston

When I was a kid, I remember watching an old Batman TV show and Robin said to Batman, “Batman! We could have been killed…or worse.” I remember laughing so hard because it was so dumb.

This headline takes me back to that moment. “Stablecoin Issuer Circle Reveals $3.3 Billion Exposure to Silicon Valley Bank”.

It’s turtles all the way down, folks. There’s Bitcoin and then there’s everything else.

https://www.bloomberg.com/news/articles/2023-03-11/usd-coin-stablecoin-falls-further-from-peg-on-svb-exposure-risk

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₿ryan 2y ago 💬 3

Coinbase also halted USDC convertibility over the weekend in tandem with Circles SVB exposure revelation.

Definetely instilling confidence that "everything is fine"

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falsefaucet 2y ago

Haha it was Coinbase that causee the run!

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Sika 2y ago

🚩

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FikaTimeBooks.com 2y ago

Not your keys, not your coin.

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