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LarryFink.eth Profile picture
LarryFink.eth
@0xKlinko
all your memes are belong to me
Mar 16, 2023 • 9 tweets • 4 min read
1/8 Witness the intriguing parallel between USDC insolvency concerns & Marriner Eccles's strategy during the Great Depression. Both emphasize trust in financial systems. #stablecoin #financialhistory USDC issuers, led by Circle, hit pause on withdrawals to gather capital in response to insolvency concerns. They took a page from history to handle the crisis. #cryptocurrency #crisismanagement
Mar 13, 2023 • 7 tweets • 1 min read
1/7 The Fed's new BTFP program has some hidden gems. In particular, it offers eligible institutions a call option on the bond market at an absurdly minimal cost of 10bps.

Here's how: 2/7 Institutions are able to offer up their bond portfolio (Treasuries, MBSs, etc) that is held below par and receive full cash collateral for the par value.