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A new study by digital asset data provider Kaiko has found that Silvergate’s decision to shut down its instant payments network will likely boost stablecoin adoption among investors in crypto trading.
Last week, Silvergate Capital announced the closure of its payments network, SEN, which crypto exchanges and investors used to move large amounts of U.S. dollars.
The decision came after the crypto-friendly bank revealed in a regulatory filing that it could soon be “less than well capitalized.”
Source : CryptoPotato
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