News Following Silicon Valley Bank's (SVB) closure, Circle intends to use "company resources" to make up the difference in its reserves. As stated by Circle, USDC liquidity operations would "continue as normal" on Monday morning when banks reopen in the United States, allowing for 1:1 USDC redemption. The statement followed the stablecoin's loss of its $1 […] The post...
Mar 12 2023
Circle intends to cover missing liquidity in SVB with corporate funds
| published by | Mercy Adeola |
|---|---|
| in blog | Coinscreed |
| original entry | Circle intends to cover missing liquidity in SVB with corporate funds |
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