Silvergate Writedown Casts Doubt on Future of Meta’s Failed Stablecoin Project
The crypto bank valued the stablecoin project that it bought from Meta at 98% less than it did a year ago.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
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 DecryptRelated market context
Nigeria’s Central Bank Now Requires Offshore Stablecoin Issuers to License Locally
Stablecoin issuers based abroad can no longer serve Nigerian users on the strength of a foreign license under a new rulebook from...
Nigeria’s central bank introduces stablecoin licensing rules, bans algorithmic versions
Nigeria's central bank issued new virtual asset regulations requiring stablecoin issuers and other service providers to obtain loc...
Nigeria’s central bank mandates licenses for stablecoin issuers
Nigeria's licensing mandate for stablecoin issuers could reshape the digital currency landscape, emphasizing regulatory compliance...
China central bank probes Solana after Shanghai shutdown, report
China’s central bank has launched an investigation into Solana after authorities shut down an “illegal” promotional Solana event l...
DSA’s Adrian Wall and Former CFTC Chair Chris Giancarlo Discuss Future of U.S. Crypto Regulation at Strobe Summit
Washington, D.C., November 6, 2026 — The Digital Sovereignty Alliance (DSA), a nonprofit organization dedicated to advancing clear...
TRON Tops Ethereum in USDT With $92.25B Stablecoin Supply and $2.18T Q3 Transfers
Key Takeaways: TRON has been ahead of Ethereum with an average trade size of USDT worth $90.75 billion within Q3. Supply of stable...