3 Crypto-Friendly Banks Collapse In A Week, USDC Regains $1 What You Need To Know

  • USDC
  • March 13, 2023

Beginner BTC Macro USDC +1 more

Key Takeaway

  • USDC has re-pegged back to $1
  • All deposits at SVB are guaranteed by U.S. government
  • Potential bank run in the U.S. tomorrow (Monday US time)
  • Most crypto-friendly banks are wiped out
  • Markets bounced, but bearish short-term for crypto IMO

Hey all,

I’ve just done a quick, off-the-cuff style video to wrap up the events from the weekend. It’s ongoing, but I’ve done my best to cover what you need to know.

If you missed our post on Saturday night with our opinion of staying calm, we believed the peg would head back to $1 and it has done so in the past 24 hours.