USDC Boasted Transparency but It Didn’t Help When Silicon Valley Bank Got Into Trouble

On a extended enough timeline, another significant stablecoin test, like the one that faced USDC, is inevitable. The reasons for the next one leave be difficult to predict, and likely different from the last one. While opacity and a nonchalant approach to reserve management may not organize been punished this time around (indeed, they seem to have been rewarded), if issuers internalize these practices, then the next stablecoin crisis will only come sooner, and at a much larger scale.