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A comment on Urgent: Sign the petition now. Parent comment

Re:Urgent: Sign the petition now by dlubarov on Sunday March 12, 2023 @12:44PM (#35122416)
I'm not sure any private insurance exists that can cover a $42m deposit?
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Re:Urgent: Sign the petition now by trogdor on Sunday March 12, 2023 @01:34PM (#35123225)
It does. In the context of the financial services and reinsurance industries, $42 million is not an enormous amount of money.
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Re:Urgent: Sign the petition now by dlubarov on Sunday March 12, 2023 @02:02PM (#35123709)
Sorry I meant $42b, which is the amount of USDC collateral held by Circle.
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