Kunal has given a stick to this post
Ailing crypto-friendly bank Silvergate closed its instant settlement SEN platform last week, which has been a key on-ramp for institutional crypto investors to transfer U.S. dollars to exchanges.
https://www.coindesk.com/markets/2023/03/06/silvergates-struggles-will-likely-boost-stablecoins-role-in-crypto-trading-kaiko/