While the startup world digests the shocking implosion of well-known financial institution Silicon Valley Bank, the fallout may extend to the crypto world as well. One stablecoin in particular, USDC, was known as of Jan. 17 to have held some of its backing capital at SVB, funds that are likely now illiquid for several days. […]
Uncertainty stands around multi-billion USDC empire as issuer Circle held reserves at Silicon Valley Bank by Jacquelyn Melinek originally published on TechCrunch...