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Cryptopolitan

2023-01-21 20:48:38

U.S Federal Home Loan Banks System (FHLB) lent billions to crypto banks amid surge in withdrawals

U.S Federal Home Loan Banks System (FHLB) lent billions to crypto banks amid surge in withdrawals

To protect against the potential rise in withdrawals, The Wall Street Journal reported on Jan. 21 that two of America’s leading crypto banks are receiving billions of dollars from the Federal Home Loan Banks System (FHLB). During the Great Depression, 11 regional banks joined forces to form the Federal Home Loan Bank (FHLB), which provides … U.S Federal Home Loan Banks System (FHLB) lent billions to crypto banks amid surge in withdrawals Read More »

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