Banks increase risks to stablecoins
Crypto Djinn
Stablecoins
1 year ago
1 QCP
The death of the Terra ecosystem triggered a bear market in 2022, causing losses in billions, affecting investor sentiment, and intensifying the regulatory spotlight over cryptocurrencies. Recently, Circle's disclosure that Silicon Valley Bank (SVB) did not process its $3.3 billion withdrawal request led to the depegging of its USD Coin (USDC).
https://blockchain.news/news/banks-increase-risks-to-stablecoins
https://blockchain.news/news/banks-increase-risks-to-stablecoins
- stablecoins
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