The Banks and Stablecoins Relationships

After the 2008 Dodd-Frank banking reforms, this type of exposure to banks should have been abnormal. And Silicon Valley bank, for example, is not a slapdash crypto forward bank that threw caution to the wind. The collapse and ultimate FDIC receivership of Silvergate bank shows contagion from banking into the digital assets economy. It took so long to figure out what the federal intervention would be to stave off broader contagion.