ALL THE STABLECOINS ISSUERS ARE MORE BETTER THAN THE BANKS

BUSD which had ticks in all the boxes got violently shut down by the US regulators. I still don't understand, maybe because they have Binance in their name and they think Binance is Chinese because Canadian CZ looks Chinese. I have no idea why this issue applies to BUSD not, for example, USD or USDP. USD which was launched as a gold standard project for a safe and secure stablecoin lost its peg by 12% and it was in for a total crash a week ago. Then we have USDT which escapes peg because we don't where the money is heard. What actually to these banks is that they have taken customers' deposits and they speculated with them and they lost the money.

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That is exactly what FTX and Alameda did which made Sam get arrested and thrown in the Bahamas jail. All the banks are still out there because it is completely legal for the banks to take people's money and go and speculate with them in the market and loss it all. What Silicon Valley banks do is they take customer deposits from different kinds of companies and use them to buy bonds. I a Bond means fixed interest is paid, they bet that the FED will increase the rate slowly as that those fixed interest will be good but FED increase fast. Then those Bonds loose value and the Bond was yielding about 1.5%. Of course, no one wants a Bond yielding 1.5% when is now sell Bond selling 5%. So, the capital they have dropped in value and they have to pay out more money because the interest rate is higher. Then Banks' run happened because people started panicking and ran to withdraw money. Then the bank starts stuff and turns those unrealized losses into realized into realize losses. There are a lot of unrealized losses left, this time it was the capital bank, Silicon Valley Bank, Silver Gate, and Signature bank.

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As far as we know, all the stablecoins issuers are more better than the banks. Paxos and Circle haven't speculated with the customer's deposits as far as we know, still the regulators are saying crypto is bad and banks are good. The whole banking system is fragile and no stablecoin is 100% stable. No matter what they do on the crypto side because they rely on banks that are not stable themselves. The best thing to do right now is diversification, so where ever bomb explodes tomorrow, we still live another today. I think crypto will decap more from the old banking monetary system. I think it will be harder to get money in and out of crypto and once it is in crypto, we have been reliant on this model where stablecoins are been minted and burned together with the bank's deposit on the traditional banks. We might even end up with a technical base solution to this problem and not the bank based on it.