will mercury collapse by 2026?

Buying at 2% and selling at 9%. Id guesstimate the true odds at 4%. Possible some of their funds get clawed back in the synapse bankruptcy since they withdrew all their money months before synapse collapsed. Fintech in general seems riskier than working directly with a bank.

The vibe I get from reading fintech business weekly is that Silicon Valley likes to play fast and loose, disregarding rules that traditional banks evolved to have for a reason, without understanding the tradeoffs involved. I don’t know if this applies to mercury in particular.

But kudos to mercury for getting away from Synapse very early

It having depositors concentrated in the tech startup scene is a big risk factor for a bank run even if it were a traditional bank, and since it’s a fintech fdic protection may not really apply