DeFi· ★★· neutral·

Frgmnt CEO Roussel proposes reserve fixes after USDC's 86-cent depeg

  • —Roussel proposed spreading an issuer's cash across several banks
  • —The program comprises three measures for managing banking risk
  • —The proposal follows USDC's depeg to $0.86
Why it matters: Diversifying banking reserves reduces the risk of another USDC depeg if a single partner bank runs into trouble.
#USDC
Source: Coinotag
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