She said that the government is concerned about depositors and focused on trying to meet their needs, but ruled out SVB Bailout by saying ‘the government is not looking to do that again’.
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Circle, the company behind USDC, stated that it and the stablecoin are functioning without any interruptions, while they await further information about the situation of Silicon Valley Bank’s depositors.
“LevelField will become a traditional bank, serving customers interested in the digital asset class,” states LevelField Financial CEO, Gene A. Grant II.
United Fintech, the end-to-end solution for banking technology, has acquired 100% stake in Cobalt, the provider of critical risk and data services to the FX and…
“We are in a very exciting time right now, with cryptocurrency and DeFi providing entirely new financial plumbing that could replace many aspects of what we have in place now,” states Fiat24 Co-founder Yang Lan.
UBI customers can now enter into the ‘Uni-verse’ to get all sorts of banking information like deposit rates, loan rates, government welfare scheme details and others.