Garlinghouse: Some of Ripple’s Cash Is at SVB, but Firm’‘Remains in a Strong Financial Position’

On Sunday (March 12), just two days after Silicon Valley Bank (SVB) was closed by Californian regulators and placed under the control of the US Federal Deposit Insurance Corporation (FDIC), Ripple CEO Brad Garlinghouse provided information about how the SVB collapse has impacted his firm.   SVB has $175 billion in deposits, 89% of which is […]