{"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