I would bet that most stable coins have exactly the same kind of exposure that SVB had. Overexposure to long term bonds bought at rock bottom prices
148 karma · joined January 27, 2023
https://www.mauldineconomics.com/frontlinethoughts/how-it-st...
His work is good but everyone else writes crap on the site.
https://wolfstreet.com/ Can be a decent read
https://stocksandjocks.net/ Decent daily podcast
My guess is the feds come in today and do it. They love to close banks on a Friday and work it through the weekend
In theory they could hold that shit to maturity but in practice they can’t because some folks want money now and all depositors will want higher interest on deposits eventually to match market rates.