Crypto users turned to DEXs, loaded up on USDC after Silicon Valley Bank crash
The collapse of FTX led to a similar exodus from centralized exchanges, as users worried they may lose access to funds during crises.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The collapse of FTX led to a similar exodus from centralized exchanges, as users worried they may lose access to funds during crises.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Paraguay Bank Collapse Shows Why Bitcoin Was Created as USDT Hits Premium
Paraguay bank crisis is showing why Bitcoin was created in the first place. USDT sellers reportedly demanded premiums of up to 13%...
Coinbase brings USDC to Samsung Wallet as the default dollar stablecoin for US Galaxy users
Coinbase's integration of USDC into Samsung Wallet could significantly boost stablecoin adoption, enhancing digital currency acces...
Samsung Wallet launches USDC accounts on Solana for US Galaxy users
Samsung Wallet's Stablecoin Account is now live for eligible U.S. Galaxy users, allowing them to use USDC on Solana.
Paraguay Bank Crisis Sends USDT to 13% Premium After Ueno Freeze Hits 3M Customers
Key Takeaways: Bybit P2P listing also went about 13% cheaper than Paraguay’s official dollar rate in USDT. The failure of Ueno Ban...
Fed and OCC Quiz U.S. Banks After $6.3 Billion Binance Hack
Bitcoin Magazine Fed and OCC Quiz U.S. Banks After $6.3 Billion Binance Hack U.S. bank regulators contacted banks this week to che...
Binance hack spooks US gov’t into checking on banks, report
Spooked US regulators are reportedly contacting banks to probe for unusual activity or disruptions in the wake of the $6.3 billion...