FROM AN INTERVIEW I did several weeks ago with American Banker's Kyle Campbell about #Herstatt risk arising from the inherent settlement mismatch between #Bitcoin & US dollars, including & especially for the Bitcoin ETFs. (transcription not perfect but you get the idea) https://lnkd.in/gxgytukR
Another prime example of how this current administration and cronies have failed to protect Americans and have actually created systemic risk. not to mention wasting tons of taxpayer money at the SEC and FDIC and other agencies. Very disappointing
Isn't this what Ondo Finance will be handling?
Founder & CEO at Bytus Technologies | Blockchain Innovator & Software Systems Engineer | Transforming FinTech with Secure Payment Platforms
3wThe potential Herstatt risk associated with the settlement mismatch between Bitcoin and US dollars, especially in the context of Bitcoin ETFs. It's an important consideration for investors and regulators to keep in mind as the cryptocurrency market continues to evolve.