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Do Kwon Had the Right Idea, Banks Are Risk to Fiat-Backed Stablecoins: CZ

Given SVB’s direct involvement in destabilizing USDC prices, CZ blamed banks for increasing the risks of stablecoins.

Banks are a risk to fiat-backed stable coins.

“Do Kwon actually had the right idea, but just failed miserably on execution.”

Do Kwon
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