Fed: In the Shadow of Bank Runs - Lessons From the Silicon Valley Bank Failure and Its Impact on Stablecoins
December 18, 2025
December 18, 2025
WASHINGTON, Dec. 18 -- The Federal Reserve issued the following Fed Notes article:
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In the Shadow of Bank Runs: Lessons from the Silicon Valley Bank Failure and Its Impact on Stablecoins
By Chuan Du, Ria Sonawane and Cy Watsky
Summary
Stablecoins are crypto-assets designed to maintain a stable value against a reference asset, typically the U.S. Dollar. The peg to the dollar is supported by the assets that back the stablecoin. . . .
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In the Shadow of Bank Runs: Lessons from the Silicon Valley Bank Failure and Its Impact on Stablecoins
By Chuan Du, Ria Sonawane and Cy Watsky
Summary
Stablecoins are crypto-assets designed to maintain a stable value against a reference asset, typically the U.S. Dollar. The peg to the dollar is supported by the assets that back the stablecoin. . . .