News A number of US banks, including Silvergate, Silicon Valley Bank, and Bank of New York Mellon, hold Circle's reserves. According to Circle's most recent audit report from January, the company's exposure to the US banking system is close to $9 billion. USD Coin (USDC $0.92) is Circle's primary product. The country's regulated financial institutions, such […] The post...
Mar 11 2023
Circle’s exposure to US banks may exceed $9 billion
| published by | Mercy Adeola |
|---|---|
| in blog | Coinscreed |
| original entry | Circle’s exposure to US banks may exceed $9 billion |
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