The Fed’s Silicon Valley Bank Post-Mortem Explores How Stablecoin Depegs Become Contagious

The collapse of silicon Valley Bank triggered a cascade of stablecoin depegs. Credit: Smith Collection/Gado/Getty Images. Key Takeaways The Federal Reserve has published its post-mortem analysis of the Silicon Valley Bank failure. When the bank collapsed earlier this year, it triggered a run on USDC that caused the stablecoin to depeg from the dollar. The Fed report explores how the USDC depeg spread contagiously across other stablecoins. The Federal Reserve has published a detailed analysis exam ...