Anyway, USDC has some kind deal with blackrock, who are implicitly a FED favorite. They won't go away overnight, although they may get tarnished and lose market share, then enter a death spiral since its a VC shop. A slow death perhaps, but I don't think they will explode.
THE GREAT SHITCOIN PURGE LIVE!
https://i.postimg.cc/X7P2YC5q/told-you-so.jpg
Signal: #150432
Anyway, USDC has some kind deal with blackrock, who are implicitly a FED favorite. They won't go away overnight, although they may get tarnished and lose market share, then enter a death spiral since its a VC shop. A slow death perhaps, but I don't think they will explode.
I believe Blackrock manages a portion of their collateral.
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