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Circle's CEO, Jeremy Allaire on USDC, SVB's Collapse, & the U.S. Banking System

Bankless

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Banking Turmoil: Impacts on Crypto and Financial Stability

This chapter explores the turmoil in the banking sector, specifically the failures of Silvergate Bank and Silicon Valley Bank, and their implications for the crypto industry. It examines how rising interest rates and asset mismanagement contributed to liquidity issues, affecting public confidence and leading to actions by the Federal Reserve.

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