From #TooBigToFail to too many fires to keep under control? #SVBRippleEffects

It seems that the financial authorities in the US have just saved the #USDC stablecoin. #SVBRippleEffects Quite the irony. Or was that part of the plan?

Next week, a lot of employees in Silicon Valley might have problems getting their prescriptions filled, as health insurance payments from their employer might have failed due to #SVBRippleEffects. I really hope this mess gets fixed over the weekend.

#SVBRippleEffects “SF payroll firm Rippling has to delay payouts after Silicon Valley Bank collapse” https://www.sfgate.com/tech/article/rippling-pay-silicon-valley-bank-17832441.php

Seems that #USDC USD Coin has lost its peg (now at $0,9112) and #BUSD Binance USD is under quite a bit of pressure too (now at $0,997). #SVBRippleEffects

The first #stablecoin is now also under pressure as SVB was one of the six banks where the Centre Consortium holds its reserves for #USDC. https://coinmarketcap.com/currencies/usd-coin/ #SVBRippleEffects