SVB Customers to Be Made Whole and USDC Back at $1 — But Long-Term Crypto Impact Unclear

Silvergate, SVB and Signature all played a role in the crypto ecosystem — helping to speed up payments between businesses, and unlocking faster transfers for everyday investors.

• 2023-03-13
• Silicon Valley Bank SVB Silvergate Bank Signature Bank Apple Podcasts financial institution digital assets

After SVB failure, regulators close crypto-friendly bank Signature Bank

Signature Bank is the second casualty of the ongoing banking crisis in the U.S. The New York-based financial institution stopped operating abruptly on Sunday — customers will be made whole. Regulators said that Signature Bank also caused a systemic risk and could threaten the U.S. banking system. “We are also announcing a similar systemic risk exception for Signature Bank, New York, New York, which was closed today by its state chartering authority,” the U.S. Treasury Department, the FDIC and

• 2023-03-13
• Signature Bank U.S. Treasury Department Silicon Valley Bank FDIC bank account financial institution SVB Federal Reserve