Sky USDS posted $950m single day inflow. became ethereum's top revenue protocol. impressive until you see $14.8b of total deposits come from Justin Sun alone. one wallet controls the growth narrative. 55% liquidity ratio on savings products. if sun exits this becomes a bank run stress test in real time. ...

Setting bank capital levels should be separated from stress test results and customized more closely to a lender’s condition, according to Fed Governor Michael Barr https://t.co/472l23Wb1p ...