DoomPosting
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Degens Deteriorating
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DoomPosting
7.76K subscribers
DoomPosting
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USDC was holding cash reserves at SVB
DoomPosting
When your startup tries to do a wire transfer out of a collapsing bank (SVB)
DoomPosting
Contagion—
First Republic Bank
Silicon Valley Bank
Western Alliance Bancorporation
Signature Bank
PacWest Bancorp
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USDC COIN INSOLVENT?
Held substantial reserves with Silvergate & SVB.
DoomPosting
BlockFi had $227 million in Silicon Valley Bank
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USDC
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Naval: Withdrawal your investor money from the banks and put it into crypto
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Roku
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Silicon Valley startup was set to announce layoffs today, but had to cancel the announcement, because the SVB collapse means it doesn't have the money to offer severance
Article
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BUSD
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BUSD
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