SIVB SVB Financial Group suffered the most severe bank run since Lehman Brothers for selling bonds at a $1.8Bil loss just to raise cash!
They had one of the worst possible yields as well: 1.79.
USDT Tether said on Dec 2nd, 2022, that its equity is expanding swiftly, with "82.45% of the reserves held in U.S. Treasury bonds and other cash equivalents."
What yield...
This volatile market is very dangerous if you are holding USDT too.
When UST, Luna`s stablecoin depegged from the USD value, USDT went down to $0.94 and then back up.
This time, with the sharp sell-off of all assets, the threat of depegging is bigger and more dangerous for Tether.
I would rather avoid USDT and BUSD for now.
It looks going stright to the moon lol
Biggest parabola in the history can transform in biggest Ponzi Scam in the history, will be pass in the books as biggest scam that humanity ever seen ROAR
drag mouse over note for real number
all big "smart" money income, tether print and halving hype move price only on 10k ???
looks like he take real usd on other side and now start playing Musical chairs game with all beckup "stable coin"
time to move crypto and usd on regulated exchange
