NEW ADVISOR!
We are honored to have @GeorgeZarya on the Armor team as an advisor. He brings many years of institutional trading experience to Armor. George leads @bequant_group a crypto native prime brokerage and is helping to guide a TradeFi perspective into the wallet.
The U.S. Now Has:
1. Record $16.5 trillion in household debt
2. Record $11.9 trillion in mortgages
3. Record $1.6 trillion in auto loans
4. Record $986 billion in credit card debt
Total mortgage debt is now more than double the 2006 peak.
Meanwhile, 36% of Americans have more credit card debt than savings with balances rising at the fastest pace since 1999.
This is all while mortgage rates just hit 7.1% and credit card debt rates hit a record 24.9%.
We are "fighting" inflation with debt.
This can't end well.
“USDC is trying to win market share and ‘kill’ them with transparency much demanded by institutional players,” “Liquidity in crypto is still dominated by USDT-based pairs and risk-weary traders can’t get through to it as they wont take USDT risk.”
https://t.co/suIT4vhu3m