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NEW: Switzerland's City of Lugano is working on becoming "the European #bitcoin capital." 🇨🇭

Today I want to talk about stablecoins. This topic is important because there is a lot of controversy going around after the fall of UST. A lot of people have lost trust in stablecoins, so today I want to assure you that not every stablecoin is like UST. #UST #StableCoin

Circle's USDC scheme is on the brink of collapse. If you read their SPAC IPO filings its clear they have been losing money constantly but theres something dirtier happening underneath. They're at major risk on defaulting on USDC reserves. A deep dive 🧵 on USDC. 👇

.@circlepay’s venture-capital arm has invested in Nomad (⤭⛓🏛) and Slope, which were both hacked this week, adding to Circle’s headaches as the stablecoin industry faces scrutiny. BRANDYBETZ reports trib.al/SYWmZkI

Coinbase financials, page 8: “Interest income was $33 million, up 211% compared to Q1. The increase was primarily driven by our USDC activity, as well as higher interest rates as we generate interest on fiat customer custodial funds." s27.q4cdn.com/397450999/file…

🇨🇭You can now pay at McDonald's in Lugano with #Bitcoin, #Tether and the city's own stablecoin #LVGA. Get ready to spend your crypto in 100+ stores during the Plan ₿ Forum 28-29 October 2022. Get your tickets now planb.lugano.ch/planb-forum/ #LuganoPlanB

USDC, a recent timeline: - blackrock invests in them - tornado cash mixer addresses banned, circle freezes all tornado cash related usdc funds - gets access to Fed reverse repo facility

#Tether Addresses FUD Around Secured Loans, Reveals Plans to Reduce These to Zero in 2023 tether.to/en/tether-addr…

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