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Silvergate Announces Bank Wind-Down
Crypto-focused bank Silvergate announced plans to wind down operations, intensifying fiat-rail concerns for the industry.
Sources
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Key Facts
Peak metricKey U.S. crypto banking rail impaired
OutcomeAccelerated migration to alternate banking and settlement channels
ChainCeFi
Year2023
Typecollapse
Tags
bankingceficontagion
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