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RE: USDC Depegs To $0.87. WTF!

in LeoFinance2 years ago

It's a huge issue due to all the unrealized losses that the banks have and those centralized stable coins are definitely in danger. From what I have read, there were a lot of securities that were unrealized losses and they had to sell early. If you wait till maturity, they wouldn't have any issues. So I think the banks are in danger but I only think the small and middle sized banks are the ones in the most danger.

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