Name: USDC collapses 13% in shadow of Silicon Valley Bank failure
Uploaded: 2023-03-12T05:00:31+00:00
Duration: 40 min 52 s
Description: USDC has depegged at one point going at low as 87c after the collapse of Silicon Valley Bank where they held $3.3B of their fiat reserves. We’ll cover what happened and what comes next after another l

2 years ago

USDC has depegged at one point going at low as 87c after the collapse of Silicon Valley Bank where they held $3.3B of their fiat reserves.

We’ll cover what happened and what comes next after another large stablecoin loses it’s peg.

$USDC

Timestamps
0:00 - Introduction
1:30 - USDC Depeg
3:30 - Silicon Valley Bank Collapse
8:20 - Impact of Silicon Valley Bank on High Tech and Startups
9:10 - 0% fractional reserve rate
13:40 - Circle holds reserve in Silicon Valley Bank
16:00 - Ponzi scheme on top of ponzi schemes
16:50 - Coinbase stops redemptions of USDC
18:45 - Jim Cramer dooms SVB
20:55 - Did SVB execs do insider trading?
22:00 - Circle Treasuries reserves
25:20 - Other bank holdings for fiat
26:10 - Curve 3 pool was drained
27:30 - $2M swapped for 5 cents
28:35 - Lehman brothers and Silicon Valley Bank
29:00 - Tinfoil hat time
30:20 - Elon Musk buying Silicon Valley Bank?
31:30 - A Decentralized economy needs decentralized money
34:30 - Stripe Atlas has exposure to Silicon Valley Bank
36:10 - Kujira DIY liquidation platform
37:00 - Bitcoin was born in the shadow of the worst financial crisis
37:40 - Why is crypto market up when USDC is down?
40:10 - USK is not backed by USDC