Birdwatch Note Rating
2023-03-16 23:51:54 UTC - HELPFUL
Rated by Participant: 6171694F0348B2DCBC02594C18A7FBD4E3B6BB90D6F6E9F9562463E4D0EBC3EB
Participant Details
Original Note:
Out of an estimated 151.6 billion dollars of uninsured deposits crypto firms—most notably circle—only held funds of around 3.3 billion dollars https://cdr.ffiec.gov/Public/ViewFacsimileDirect.aspx?ds=call&idtype=id_rssd&id=802866&date=12312022 https://www.circle.com/blog/an-update-on-usdc-and-silicon-valley-bank
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