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by qb
1195 days ago
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Why wasn't Circle using deposit networks? Did they take out private uninsured deposit insurance? Circle's competitor Paxos is using IntraFi Network and Reich & Tang Deposit Solutions for BUSD according to their reports (https://paxos.com/wp-content/uploads/2023/03/BUSD-Monthly-St...) and has obtained insurance for most of their balances in excess of FDIC insurance limits. |
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