erebor

If stablecoins suddenly decouple and drop, and a significant proportion of Erebor's assets happen to be its reserves or related rights, it would still face an "on-chain run"; moreover, depositors wouldn't need to queue, they just need to click the mouse frantically to withdraw. In such a situation, there is no FDIC takeover, no central bank rescue, can Erebor withstand it?

On one side, cryptocurrency companies are applying for banking licenses, while on the other side, tech elites are establishing crypto banks.

Several billionaires in the tech sector are joining forces to launch a new bank called Erebor, aimed at filling the gap in banking services for the cryptocurrency industry following the collapse of Silicon Valley Bank.