IOSG Ventures Affirms No Exposures To SVB, Silvergate, And USDC Exchanges last 7 Day
- Venture capital firm IOSG Ventures reassures the community that it has had no exposure to SVB or Silvergate, two banks linked to the recent de-pegging of USDC.
- In a statement released on Twitter, IOSG Ventures urges the cryptocurrency community to “keep decentralization” and highlights the importance of keeping the cryptocurrency market decentralized and independent of traditional financial institutions.
IOSG Ventures, a venture capital firm that invests in blockchain projects, has come forward to reassure the community that it has had no exposure to either SVB or Silvergate, two banks that have been linked to the recent de-pegging of USDC.
In a statement released on Twitter, IOSG Ventures said that it has not made any USDC exchanges in the past seven days and that it has had zero exposure to SVB and Silvergate. The statement went on to urge the cryptocurrency community to “keep decentralization,” a nod to the importance of keeping the cryptocurrency market decentralized and independent of traditional financial institutions.
This statement from IOSG Ventures is an important one, as it shows that not all players in the cryptocurrency market have been affected by the recent turbulence. It also highlights the importance of decentralization in the cryptocurrency market.
While the shutdown of SVB and the recent depegging of USDC have caused concern among some investors, it is important to remember that the cryptocurrency market is still in its infancy and that there will be bumps along the way.
The recent de-pegging of USDC has caused concern among some investors in the cryptocurrency market, but not all parties have been affected. The statement from IOSG Ventures is a reminder of the importance of decentralization in the market and the need to remain vigilant in the face of turbulence. As the cryptocurrency market continues to evolve, it is important to keep an eye on the latest developments and remain open to new opportunities.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu