# The U.S. Banking System, Federal Reserve, & USDC Post-SVB Collapse with Ram Ahluwalia

*Author: Ryan Sean Adams, David Hoffman*
*Published: Mar 15, 2023*
*Source: https://www.bankless.com/the-u-s-banking-system-federal-reserve-usdc-post-svb-collapse-with-ram-ahluwalia*

---

Ram has his finger on the pulse on all things finance (crypto included), the U.S. Banking System, and The Federal Reserve.

Was USDC ever at risk? Is crypto being targeted? Could DeFi have fixed this? Answers to these questions and much more in the episode. 

---

### Timestamps
0:00 Intro

7:48 The Last 5 Days

10:30 Technology 

15:35 Fractional Reserves & Assets

19:17 Banking & Venture

21:44 SIVB Outlier 

27:35 Risk Curves

29:35 Carry Trades

35:05 Money Markets

38:15 Who's Next?

40:55 Feds' Goal

47:15 Sneak Attack on Tax Payers?

49:30 Longtail Banks

57:39 Was USDC Ever at Risk? 

1:03:10 SigNet 

1:07:15 Is Crypto Being Targeted?

1:12:18 Interest Rates

1:18:35 Could DeFi Fix This? 

1:22:24 Closing & Disclaimers

---

### Resources
Ram Ahluwalia

https://twitter.com/ramahluwalia

SVB is not like other banks

https://twitter.com/ramahluwalia/status/1635464465142480896

Why was Signature Bank targeted?

https://twitter.com/ramahluwalia/status/1635267951610810370?s=20

“Settlement Risk” 

https://twitter.com/ramahluwalia/status/1635113232909373441?s=20

Conclusion

https://twitter.com/ramahluwalia/status/1634203375880265730?s=20
---

*This article is brought to you by [MetaMask](https://www.bankless.com/sponsor/metamask-1776260643?ref=the-u-s-banking-system-federal-reserve-usdc-post-svb-collapse-with-ram-ahluwalia)*