.Ripple-owned wallets have helped to shift 916 million $XRP, here's where it's going. whale_alert
Signature Bank closes down, here's what happens to stablecoins
As became known over the weekend, Signature Bank has become bankrupt. This is the third largest crypto-friendly bank to be shut down as of late. Prior to that, down went Silvergate and Silicon Valley banks. According to Ripple CEO Brad Garlinghouse, the crypto giant had small exposure to this bank. Still, its closure has not impacted its daily operations.minting for a small number of users from that bank.
According to a recent tweet by Chinese journalist Colin Wu, the U.S. government has taken measures to save the deposits of all clients by providing a full guarantee for that. Paxos, the issuer of BUSD and USDP, issued a statement saying that Paxos currently holds $250M at Signature Bank, the government has taken extraordinary measures to protect customers and announced all customer deposits at Signature Bank will be fully guaranteed.On Saturday, U.Today reported that prominent investor and author of the"Rich Dad Poor Dad" book, Robert Kiyosaki, predicted the approaching crash of the third major bank after Silvergate and SVB.
However, Bitcoin remained unaffected by that event. On the contrary, BTC has even demonstrated a nearly 10% rise, hitting $22,681. At the time of this writing, though, the leading cryptocurrency is changing hands at $22,088 per unit.
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