The Wall Street Journal: Crypto banks borrow billions from home-loan banks to plug shortfalls

Asian couple senior walking on the beach holding hands.Honeymoon family together happiness lifestyle.Life after retirement.plan life insurance

Two of the biggest banks to cryptocurrency companies are rushing to stem a flood of customer withdrawals by borrowing billions of dollars from Federal Home Loan Banks, the system originally designed to support mortgage lending in the 1930s.

You might also like