#USDC is not the only one in trouble.
- $FRAX has over 80% exposure to Circle
- $DAI also a close 50%.
- $GMX and $GLP pool is 50% backed by USDC
- $GNS is reliant on DAI, aka 40% backed by USDC
Maybe fed will bail SVB out on Monday, but it might be quite the tense weekend!