The government never guaranteed the USDC stablecoins value. But when regulators protected Silicon Valley Banks (SVB) uninsured depositors, they rescued $3.3 billion backing the stablecoin anyway. A new review by the Federal Reserve itself, released Friday (Sept. 18), shows why the distinction matters to finance and treasury teams as digital dollars move into corporate finance. […]
The post The Feds New SVB Report Exposes the Old-Fashioned Bank Risk Behind Digital Assets appeared first on PYMNTS.com.

Digital Dollar

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