I started this blog with the purpose of explaining Web3 concepts (and maybe some adjacent topics) in simple terms for the less technical among us. If you've been following - thanks, by the way - you may have noticed I like to post every Thursday and Sunday. For my Sunday post, I was hoping to break down cryptocurrency, but given all that's happened since Friday, I'd feel remiss if I didn't make this post a bit more topical. I appreciate all two of you guys' patience. So, WTF is SVB and USDC? Silicon Valley Bank Silicon Valley Bank (SVB) is a financial institution that provides services to technology companies, particularly startups. It was founded in 1983 and has become known as one of the most prominent banks for tech startups. The bank's services include banking, lending, and investment services, all tailored to the needs of tech companies. In recent years, SVB has been experiencing financial difficulties. In 2020, the bank had to take a $110 million loan loss...