Crypto had a rough weekend. On Sunday, the U.S. Treasury Department announced the closure of New York City-based Signature Bank, bringing the crypto industry closer to being effectively cut off from that country’s banking system. And until it regained its dollar peg on Monday, the fate of USDC, a stablecoin that’s systemically important to parts of the crypto ecosystem, appeared to be in jeopardy. What does it mean, and how will it affect Canada’s crypto sector? Here’s what you need to know.
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