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jacobsimon on March 12, 2023 | parent | context | favorite | on: An Update on USDC and Silicon Valley Bank

Had the same thought, but why would they choose to reduce bank risk unless they already knew about the liquidity gap?

extheat on March 12, 2023 [–]

I believe their last earnings call was what precipitated the fear in the bank and ultimately what caused the big spike in withdrawals that led to them running out of immediately free cash.

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