Circle’s USDC stablecoin slipped from its dollar peg due to the collapse of tech start-up friendly Silicon Valley Bank, and not that of the far more crypto-entwined Silvergate Bank, which also announced that it was entering liquidation this week.
LevelField Financial, a U.S. digital assets platform aiming to unite crypto services and traditional banking, took one step closer to achieving that goal by announcing its acquisition of FDIC-insured Illinois state-chartered Burling Bank.
After the failure of three U.S. banks (with varying degrees of crypto exposure) in the space of a week last month, the sector seems to have settled back into relative calm, at least for the time being. So it would seem like the perfect opportunity for a recap.
After the failure of three U.S. banks (with varying degrees of crypto exposure) in the space of a week last month, the sector seems to have settled back into relative calm, at least for the time being. So it would seem like the perfect opportunity for a recap.
Circle’s USDC stablecoin slipped from its dollar peg due to the collapse of tech start-up friendly Silicon Valley Bank, and not that of the far more crypto-entwined Silvergate Bank, which also announced that it was entering liquidation this week.
LevelField Financial, a U.S. digital assets platform aiming to unite crypto services and traditional banking, took one step closer to achieving that goal by announcing its acquisition of FDIC-insured Illinois state-chartered Burling Bank.
