Story thread · 2 reports / 2 sources

The Fed’s New SVB Report Exposes the Old-Fashioned Bank Risk Behind Digital Assets

pymnts.com · 2hShare

The government never guaranteed the USDC stablecoin’s value. But when regulators protected Silicon Valley Bank’s (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 Fed’s New SVB Report Exposes the Old-Fashioned Bank Risk Behind Digital Assets appeared first on PYMNTS.com .

First report: SVB report explores existing record, leaves new insights for later — americanbanker.com, 1d