What's up with this?

Must be to do with the executive order into crypto

Shady AF. Sounds like they're getting hit by rising interest rates due Silvergate on Tbills. Not sure what the beta is between short/long Tbills they have, but they want to go more fractional reserve and pump dat liquidity. By forcing USDC they can mess around with their offshore mechanisms without the regulatory paper work and international SWIFT messaging. They can also start posting your money as collateral more "efficiently" lol. Coinbase I swear to god is going down. Their last 10-k with crypto near highs was an absolute abomination. Imagine this Q.

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