Defi
Frgmnt CEO Says Fiat-Backed Stablecoins May Remain Exposed to Banking Risks
TokenPost·October 17, 2026·1 min read
Frgmnt CEO warns that fiat-backed stablecoins may remain exposed to banking risks. The 2023 Silicon Valley Bank failure left Circle unable to access $3.3 billion in USDC reserves, causing the token to drop to 86 cents, illustrating the fragility of such assets.
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