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’s 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.
Spreading the Benefits of the Gig Economy
Companies like Uber and Airbnb pioneered the operator economy when they started delivering valuable services using crowdsourced infrastructure and labor....