GM Fam !
What’s going in here lol 😂
Anyone in USDC ?
Context :
🧯Silicoin Valley Bank Collapse: SVB had roughly $209 billion in total assets and $175.4 billion in total deposits.
8.3% i.e, $3.3 billion of the ~$40 billion of USDC reserves remain at SVB.
This has led to the FUD and dip in USDC.