ATC quote · Aug 14, 2024 · 0:56:20
“Yeah. If you remember what happened after bank... Silicon Valley Bank, they needed one of the oldest institutions ever with some serious name power, and they went to one of the, literally, the…”
Dave @DCBK2LA (speaker unconfirmed)
From ATC: Metamask Mastercard PYTH $TON Fairshake Ohio, Aug 14, 2024 · Episode page

In context
0:55:58 NatNat @Natnatx007 (speaker unconfirmed): Yeah. The other interesting point too is USD. See how we were talk... We were just talking about PayPal and how they split between treasuries and cash? I'm reading right now that the Circle Reserve is... The fund behind the Circle Reserve USDC is held at the Bank of New York. So that is very interesting. They're all in US... They're all in cash.
0:56:20 Dave @DCBK2LA (speaker unconfirmed): Yeah. If you remember what happened after bank... Silicon Valley Bank, they needed one of the oldest institutions ever with some serious name power, and they went to one of the, literally, the oldest and the most, quote, reliable in BNY Mellon. Yeah. I mean, it's... They they did that that literally just for, like, the name clout. Right? Like, BNY Mellon. Right? Like, always held in high regard. You never heard…
0:56:57 NatNat @Natnatx007 (speaker unconfirmed): Yeah. And so the... I... I'm doing this, like, to show the comparison. Right? So if you had to choose between PayPal, you... Stablecoin, or USDC based on everything we know now, wouldn't wouldn't it may... Wouldn't be... Wouldn't PayPal USD be a safer bet?
Show discussion only, not financial advice. Transcripts are auto-generated.
