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FDIC Takeover of Silicon Valley Bank: Assessing the Impact on Stablecoins

By |2023-03-24T13:57:07-04:00March 14, 2023|Kyle Waters, Matias Andrade, State of the Network|

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 [...]

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