#11: EMERGENCY POD: SVB, Silvergate, and USDC de-pegs

Update: 2023-03-13

Description

This weekend, the unthinkable happened – Chelsea finally won away from home. In smaller news – a major startup bank paused withdrawals causing the second-largest stablecoin to depeg. Told you the Chelsea news was waaayy bigger.

To make sense of wtf happened – our resident BIG BRAIN VC and OG TradFi bro Prashanth breaks down the situation.

Here’s what you can expect:

- What happened with SVB?

- Why did USDC depeg because of this?

- Does this make USDC stronger or weaker?

- Can Chelsea really keep up the winning run?

Brought to you by Doodhwala. 🥛

Get smarter on crypto in 2-minutes: https://www.doodhwala.xyz/

Subscribe to Prashanth's Substack: https://prashanthswaminathan.substack

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1.0x

#11: EMERGENCY POD: SVB, Silvergate, and USDC de-pegs

Raghu Mohan, Prashanth Swaminathan & Doodhwala

#box-pro-ellipsis-176036164631623{-webkit-line-clamp:2;}#11: EMERGENCY POD: SVB, Silvergate, and USDC de-pegs

#11: EMERGENCY POD: SVB, Silvergate, and USDC de-pegs

Raghu Mohan, Prashanth Swaminathan & Doodhwala

#11: EMERGENCY POD: SVB, Silvergate, and USDC de-pegs