clearmined on Nostr: Silvergate bank had $13.3b of demand deposits that could be withdrawn in the span of ...
Silvergate bank had $13.3b of demand deposits that could be withdrawn in the span of seconds through the send-network and fed wire api transactions but only had $1.4b in cash on hand. -Caitlin Long
Meanwhile her bank Custodia would have 100% reserves but was rejected by regulators citing too much risk.
Published at
2023-03-18 05:08:45Event JSON
{
"id": "7ea1d6800a33ca49116ac3a154b9c968af287553cd2b661dd31e98e92c006ce2",
"pubkey": "6c8e2759618e4965a6f0a6e5f71d8f628f139be0e187e6b61d9f497c38a74e2d",
"created_at": 1679116125,
"kind": 1,
"tags": [],
"content": "Silvergate bank had $13.3b of demand deposits that could be withdrawn in the span of seconds through the send-network and fed wire api transactions but only had $1.4b in cash on hand. -Caitlin Long\n\nMeanwhile her bank Custodia would have 100% reserves but was rejected by regulators citing too much risk. \n\nhttps://media1.giphy.com/media/3oz8xJIDVJ1KANEUfK/giphy.gif?cid=2154d3d7kuv0yio6lnzb5d5b0bobr66hcrwkunf5srrgm6aw\u0026rid=giphy.gif\u0026ct=g",
"sig": "77cf1b318ad496ce78182bf0859a381e359c93343526ccb556aa5d6beed899303309d4cecaa5fc39cd48b786f499063761fd60c4e315aa03ffb02aa982dd9277"
}
