$3.3b of the $40b $USDC reserves remain at Silicon Valley Bank.
USDC depegged.
Its obvious government is trying to take stablecoins & crypto down.
By doing so, they could kill two birds with one stone. Removing liquidity from the system (good for inflation) and introducing the CBDC (having control of the financial system)
![](https://i.imgur.com/Wal4gA6.jpg)