The crypto-focused bank Silvergate, which has been speculating about the bankruptcy of Tether (USDT), Circle (USDC) and Paxos (USDP), among the largest stablecoin issuers, made a statement about it.
stablecoin issuers Tether, Circle And of Paxos as well as cryptocurrency exchanges Bitstamp, Coinbase and Gemini also own Silvergate partnership with the company after the request they will reduce explained.
Paxos on March 2 via its official social media account. in a statement releasedany on Silvergate does not exist stated. In addition, all transactions made through Silvergate your payments also have been stopped explained.
About the subject on the Circle social media account in his statementagainst the concerns circulating in the market regarding Silvergate they are sensitive of the company concerned required process that you are conducting And of customers about subject will inform stated.
Tether CEO, another stablecoin issuer Paolo Adoino In a statement on March 2, Tether announced that it will not have any dealings with Silvergate. not have a relationship reported.
Cryptocurrency Exchanges Are Also Leaving
On the other hand, cryptocurrency exchanges Bitstamp, Coinbase And Gemini its partnerships with the company will limit expressed.
In the statements they made on their official social media accounts on March 2, the exchanges made a statement on Silvergate. they stopped the transfer process explained.
Nasdaq According to data from Silvergate on March 2, 57.10% depreciating 13.45 at dollar level 5.72 depreciated to the dollar level. Silvergate in pre-trade market 5.49 traded at the dollar level.
On the other hand, Mike Novogratz’s Galaxy Digital has similarly decided to cease its activities against Silvergate. Galaxy Digital, from the bank And bank transfers and money announced it had stopped.