{"id":24650,"date":"2023-03-26T22:01:27","date_gmt":"2023-03-27T05:01:27","guid":{"rendered":"https:\/\/coinnetworknews.com\/first-citizens-nearing-deal-for-silicon-valley-bank-bloomberg\/"},"modified":"2023-03-26T22:01:27","modified_gmt":"2023-03-27T05:01:27","slug":"first-citizens-nearing-deal-for-silicon-valley-bank-bloomberg","status":"publish","type":"post","link":"https:\/\/coinnetworknews.com\/first-citizens-nearing-deal-for-silicon-valley-bank-bloomberg\/","title":{"rendered":"First Citizens Nearing Deal for Silicon Valley Bank: Bloomberg"},"content":{"rendered":"

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While Silicon Valley Bank didn’t provide fiat on-ramps to exchanges, like Silvergate or Signature bank, a number of key crypto companies like Circle Financial banked there. Circle\u2019s USDC stablecoin fell from its $1 peg<\/a> for a few days after the company announced that $3.3 billion of its deposits were at Silicon Valley Bank.<\/p>\n<\/div>\n

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While Silicon Valley Bank didn’t provide fiat on-ramps to exchanges, like Silvergate or Signature bank, a number of key crypto companies like Circle Financial banked there. Circle\u2019s USDC stablecoin fell from its $1 peg for a few days after the company announced that $3.3 billion of its deposits were at Silicon Valley Bank. Source link<\/p>\n","protected":false},"author":1,"featured_media":24651,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[55],"tags":[514,678,4196,1116,5468,2850,5205],"_links":{"self":[{"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/posts\/24650"}],"collection":[{"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/comments?post=24650"}],"version-history":[{"count":0,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/posts\/24650\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/media\/24651"}],"wp:attachment":[{"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/media?parent=24650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/categories?post=24650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/tags?post=24650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}