Comment by @fabrichy777 • Hey

1/ Put on My Thinking Cap! Firstly, let's have a quick recap of the recent de-peg and how it affected Stablecoins. The recent de-peg on $USDC just a

Stats

Comments

2/ Are Banks our Frens? The main cause of the $USDC de-peg was that it had reserves tied up in the collapsing Silicon Valley Bank (SVB). Therefore, reserves stored in a centralized entity are key to the de-peg. This is something that needs to be changed.