0F31733A90AA46FE464F3FB84B2025EB71B7461AC04C886B34A9E6D956F80B31 gGo83m Cryptocurrency Community Debates Fallout from Closure of Major American Banks

Cryptocurrency Community Debates Fallout from Closure of Major American Banks

The closure of three major American banks that serve cryptocurrency firms, including Silicon Valley Bank and Signature Bank, has sparked debate within the cryptocurrency community. The closure of Silicon Valley Bank, which held over $3.3 billion of USD Coin issuer Circle’s $40 billion reserves, has caused particular concern. As a result, the cryptocurrency ecosystem is now exploring neobank services and other options to bridge the gaps exposed by the latest mainstream banking failure. (Read More)

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