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FDIC Takeover of Silicon Valley Bank: Assessing the Impact on Stablecoins
By Coin Metrics at 2024-11-21 18:03
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Silicon Valley Bank (SIVB) was taken over by the FDIC on Friday morning following a bank run that drained their reserves and threatened the integrity of their depositors’ accounts. Despite the shutdown itself, the uncertainty leading to the FDIC’s action sparked market speculation on the stability and ongoing endurance of the USDC stablecoin, since Circle [...] The post FDIC Takeover of Silicon Valley Bank: Assessing the Impact on Stablecoins appeared first on Coin Metrics. Continue reading...
Categories: Kyle Waters
Tags: #Kyle Waters #Matias Andrade #State of the Network #Market Data #Network Data #Stablecoins
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