News After the weekend's depegging of the stablecoin, Circle, which issues USDC, has declared that substantially all the minting and redemption backlogs have been resolved. The company reported that they redeemed $3.8 billion USDC and minted $0.8 billion USDC since Monday, and they have also shifted their banking partner due to the Silicon Valley Bank (SVB) collapse....
Mar 16 2023
Circle says substantially all USDC minting, redemption backlogs are resolved after wild week
| published by | Dorian Batycka |
|---|---|
| in blog | CryptoSlate |
| original entry | Circle says substantially all USDC minting, redemption backlogs are resolved after wild week |
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