USDC Boasted Transparency but It Didn't Help When Silicon Valley Bank Got Into Trouble
Markets Outlook
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Introduction
The weekend of March 10, 2023 was a profound test of how well stablecoins hold up under pressure. Now that everything is settled, some odd lessons have been passed on: transparency doesn't seem to be a good thing. And forget about prudent management of reserves, it's just not worth it.
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Transcript
