Banking partnership
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Circle, Tether and Paxos will look for new banking partners
It is reported that after the collapse of the Silicon Valley Bank, the stable currency issuers such as Circle, Paxos and Tether all said that they would establish new bank partnerships. At the same time, both Tether and Paxos said that they had no exposure to Silicon Valley banks. On the other hand, after the collapse of Silvergate and Silicon Valley Bank, it will be much more difficult for small encryption companies to find banking partners. Interpretation of this information: The collapse of Silicon Valley Bank has sent ripples across…
