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The Scramble for Silvergate Alternatives



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Last night, Silvergate decided to voluntarily liquidate, leaving the crypto industry scrambling for banking alternatives. Today, we explore the implications of Silvergate’s collapse on cryptocurrency markets and the viability of alternative fiat on-ramps for institutions and exchanges.

  • Closure of USD payment rails to have profound effect on crypto liquidity.

  • Stablecoins present an alternative to fiat for crypto firms.

  • Door open now for Europe and Asia to gain a foothold in crypto.

  • USD pairs fading into irrelevance.

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The fall of fiat in crypto

Alternatives to Silvergate:

Transacting with stablecoins

Time for the euro to step up

Euro+stablecoins = Euro Stablecoins?


Data Used In This Analysis

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