But before that, I need to level for clarity’s sake (and to get something off my chest): There’s an inherent ideal in Bitcoin that claims the existence of bitcoin will make all financial institutions obsolete. The idea is that the decentralized, peer-to-peer, outside money that is bitcoin will make all banks, asset managers, trading desks, brokerages, central banks, money managers and corporate lenders disappear. I don’t subscribe to that idea whatsoever.
Circle to ‘Cover Any Shortfall’ in USDC Reserves, Sparking Stablecoin Rally
The company plans to use corporate resources to fill the gap, including external capital. Source link
