Do Kwon had the right idea, banks are risk to fiat-backed stablecoins: CZ

Dato · 03-12-2023, 09:24 AM

Do Kwon had the right idea, banks are risk to fiat-backed stablecoins: CZ

<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDMvYmIxZGM3ZjktNmQxMi00YmFhLWEzYzgtYzEwYzk0N2UwNzA3LmpwZw==.jpg"></p><p>Given Silicon Valley Bank’s direct involvement in destabilizing USDC prices, CZ blamed banks for increasing the risks of stablecoins.</p>

https://cointelegraph.com/news/do-kwon-h...lecoins-cz

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