
Based New World on Silicon Valley Bank & the Crypto Connection
The Monica Perez Show
00:00
Circle Keeps Its Peg on the Exchanges
Circle maintains its peg because the company Circle is always going to redeem them for $1. But how can it have a bottom list? It has bottomless resources. They can't do it. If there is a bank run, they cannot honor them all. And that's in the terms of service when you use it and stuff like that. So these circle promise them. Yeah. My problem is that even like this is like an age old problem, it's impossible even for country to maintain a peg to the dollar or to any other country.
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