Bitcoinist
2023-03-13 03:12:29

100% Of USDC Reserves Are Safe As U.S. Gov’t Bails Out Silicon Valley Bank

The financial sector has endured a few chaotic days. In particular, for USDC stablecoin and Silicon Valley Bank and its stakeholders, since the lender swung from being presumed robust and profitable to being shut down by authorities in less than 48 hours. Now, a lifebuoy has just been tossed to save the drowning bank and

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