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Banking Collapse & Stablecoin Depegs
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In this week's episode of The Crypto Market Watch, hosts Marsh Frost and Dr. Nick discuss the recent collapse of Silvergate and Silicon Valley Bank, which sent shockwaves through the global markets, particularly in the crypto industry. They delve into the impact of these events on stablecoins like DAI and USDC, as well as the potential consequences for both traditional and decentralized finance. They also ponder whether the instability in the banking sector can be blamed on the crypto industry or if it's a symptom of larger issues in the world of finance.
Banking Collapse!
Silvergate
Silicon Valley Bank
Stablecoins de-pegging (USDC and DAI)
Recovery
Backstop / Bailouts
Do DAOs fix this?
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