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by dlubarov 1196 days ago
I'm not sure any private insurance exists that can cover a $42m deposit?
1 comments
trogdor 1196 days ago
It does. In the context of the financial services and reinsurance industries, $42 million is not an enormous amount of money.
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dlubarov 1196 days ago
Sorry I meant $42b, which is the amount of USDC collateral held by Circle.
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