Some of the biggest firms in crypto have denied exposure to any of the failed banks in the United States.
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Amid the ongoing United States banking crisis, a wide number of major cryptocurrency firms have denied exposure to dissolved U.S. banks like Silicon Valley Bank (SVB).
As potential implications of the SVB crisis for the crypto market continue to unfold, Cointelegraph highlighted several major crypto firms that have declared to be unaffected by the issues so far.
Tether
Tether, the operator of the eponymous USD-pegged stablecoin, USDT (USDT), was one of the first companies to deny exposure to SVB and other troubled U.S. banks as of mid-March.
On March 12, Tether chief technology officer
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