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• Ripple Labs has been in the news due to its battle with the Securities and Exchange Commission over the status of its digital currency, XRP.
• Silicon Valley Bank’s (SVB) collapse has sparked concerns about Ripple’s financial stability.
• CEO Brad Garlinghouse shared that Ripple had some exposure to SVB and expects no disruption to their day-to-day business operations.

Silicon Valley Bank Collapse

On March 10th, Silicon Valley Bank (SVB) collapsed due to a run on deposits prompting federal authorities to step in and establish a $25 billion funding program for banks facing liquidity issues. Depositors were assured they would have access to their money starting March 13th and taxpayers would not face any losses associated with the resolution of Silicon Valley Bank.

Ripple Tie to Silicon Valley Bank

The news sparked concerns regarding Ripple’s financial stability as they had stored some of their cash reserves with the now-failed tech lender. To address these worries, CEO Brad Garlinghouse took to twitter reassuring users that there would be no disruption to day-to-day business operations and that most of their USD was held with other bank partners.

Federal Reserve Response

The Federal Reserve is being called upon to take further action in order prevent similar situations from happening again by addressing underlying issues that led to Silicon Valley Bank’s collapse.

Ripple Confidence

Despite the connection between Ripple and SVB, Ripple remains confident in its financial position assuring users there will be no disruptions in day-to-day business operations despite any exposure they may have had with SVB.


In conclusion, while there is still uncertainty surrounding Ripple’s exposure with Silicon Valley Bank, federal authorities are taking steps towards protecting depositors and taxpayers alike while also looking into further solutions for avoiding such instances in the future. Meanwhile, Ripple reassures its community that it remains confident in its financial position moving forward despite this setback.

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