USDC Boasted Transparency. It Didn’t Help When Silicon Valley Bank Got Into Trouble

On a protracted sufficient timeline, one other vital stablecoin check, just like the one which confronted USDC, is inevitable. The explanations for the following one might be tough to foretell, and certain completely different from the final one. Whereas opacity and a nonchalant strategy to order administration could not have been punished this time round (certainly, they appear to have been rewarded), if issuers internalize these classes, then the following stablecoin disaster will solely come sooner, and at a a lot bigger scale.