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A comment on $3B in Bitcoin was sold in a last-ditch attempt to save UST from collapse. Parent comment

Re:$3B in Bitcoin was sold in a last-ditch attempt to save U... by onlyrealcuzzo on Monday May 16, 2022 @01:10PM (#31400416)
Irrelevant because for >99% of depositors (NOTE - not total deposits) FDIC insurance will pay them out in the event of a bank run.

For the vast majority of users - the difference in 1:1 backing and FDIC insurance is irrelevant. This is the reason you'll almost certainly never see a global bank run. It's the reason why we probably will eventually see a Tether bank run.

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Re:$3B in Bitcoin was sold in a last-ditch attempt to save U... by bpt3 on Monday May 16, 2022 @02:34PM (#31401547)
We agree, the person I was responding to doesn't seem to grasp that.
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