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<blockquote style="position: relative; padding-left: 55px;"><section><a href="https://infosec.exchange/users/jerry/statuses/110005721288749616">Merry Jerry 🎄🎅🕎⛄️❄️ (jerry@infosec.exchange)'s status on Sunday, 12-Mar-2023 02:06:43 JST</a><a href="https://infosec.exchange/@jerry" title="jerry@infosec.exchange"><img src="https://gnusocial.jp/avatar/5390-48-20231031011407.webp" width="48" height="48" alt="Merry Jerry 🎄🎅🕎⛄️❄️" style="position: absolute; left: 0; top: 0;">Merry Jerry 🎄🎅🕎⛄️❄️</a></section><article><p>When I mentioned second order impacts of SVB failing, this is the sort of thing I was thinking: <a href="https://www.cnbc.com/2023/03/11/stablecoin-usdc-breaks-dollar-peg-after-firm-reveals-it-has-3point3-billion-in-svb-exposure.html" rel="nofollow noreferrer">https://www.cnbc.com/2023/03/11/stablecoin-usdc-breaks-dollar-peg-after-firm-reveals-it-has-3point3-billion-in-svb-exposure.html</a> - which begs the question: what breaks now that this stable coin has is no longer stable?</p></article><footer><a rel="bookmark" href="https://gnusocial.jp/conversation/1309155#notice-2729067">In conversation</a><time datetime="2023-03-12T02:06:43+09:00" title="Sunday, 12-Mar-2023 02:06:43 JST">Sunday, 12-Mar-2023 02:06:43 JST</time> <span>from <span><a href="https://infosec.exchange/@jerry/110005721288749616" rel="external" title="Sent from infosec.exchange via ActivityPub">infosec.exchange</a></span></span><a href="https://infosec.exchange/@jerry/110005721288749616">permalink</a><h4>Attachments</h4><ol><li><article><header><div>Domain not in remote thumbnail source whitelist: image.cnbcfm.com</div><h5><a href="https://www.cnbc.com/2023/03/11/stablecoin-usdc-breaks-dollar-peg-after-firm-reveals-it-has-3point3-billion-in-svb-exposure.html">Stablecoin USDC breaks dollar peg after firm reveals it has $3.3 billion in SVB exposure</a></h5><div> from <span>https://www.facebook.com/CNBC</span></div></header><div>The U.S. cryptocurrency firm Circle's USD Coin lost its dollar peg and fell to a record low Saturday morning.</div><footer></footer></article></li></ol></footer></blockquote>

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Merry Jerry 🎄🎅🕎⛄️❄️ (jerry@infosec.exchange)'s status on Sunday, 12-Mar-2023 02:06:43 JST Merry Jerry 🎄🎅🕎⛄️❄️
When I mentioned second order impacts of SVB failing, this is the sort of thing I was thinking: https://www.cnbc.com/2023/03/11/stablecoin-usdc-breaks-dollar-peg-after-firm-reveals-it-has-3point3-billion-in-svb-exposure.html - which begs the question: what breaks now that this stable coin has is no longer stable?
In conversationSunday, 12-Mar-2023 02:06:43 JST from infosec.exchangepermalink
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  Stablecoin USDC breaks dollar peg after firm reveals it has $3.3 billion in SVB exposure
  from https://www.facebook.com/CNBC
  The U.S. cryptocurrency firm Circle's USD Coin lost its dollar peg and fell to a record low Saturday morning.

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