FDIC Compensation and USDC Crypto Market Recovery
The FDIC compensation and resolution of Silicon Valley Bank (SVB) have had a significant impact on the crypto market, with the compensation helping to restore confidence among investors and users alike.
Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC:Take the Necessary Steps To Ensure That Depositors’ Savings Remain Safe
Finally, the Federal Reserve Board on Sunday announced it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors.
Federal Reserve Board Announces It Will Make Available Additional Funding to Eligible Depository Institutions To Help Assure Banks Have the Ability To Meet the Needs of All Their Depositors
This action will bolster the capacity of the banking system to safeguard deposits and ensure the ongoing provision of money and credit to the economy.
