U.S. home-loan banks lent billions of dollars to crypto banks: Report By Cointelegraph

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The US Federal House Mortgage Banks System (FHLB) is lending billions of {dollars} to 2 of the biggest cryptocurrency banks in an effort to mitigate the results of a surge in withdrawals, in accordance to a report from The Wall Avenue Journal on Jan. 21.

The FHLB is a consortium of 11 regional banks throughout the US that present funds to different banks and lenders. Based throughout the Nice Despair to help housing finance, the system has $1.1 trillion in belongings and over 6,500 members.

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