People just scared? If USDC is backed by dollars shouldn’t they be FDIC insured? I know dollars are worthless but are people just overreacting?
Discussion
Exchanges are not solvent period period. Lmao they do not have 1 to 1 on their sheets just like a regular bank.. they can say they do but in reality lets be real here they dont...
Only 2,3% of accounts were under 250k sonall the rest are not under insurance.. is what I read. 👀
FDIC insurance is only up to 250k, so they'd need 37b/250k different bank accounts. I'm not sure there's that many banks in the world.
Up to 250k only