Circle to ‘Cover Any Shortfall’ in USDC Reserves, Sparking Stablecoin Rally

Circle to ‘Cover Any Shortfall’ in USDC Reserves, Sparking Stablecoin Rally

The company plans to use corporate resources to fill the gap, including external capital.

Circle Issues Update Amid Stablecoin Volatility; Firm Is Prepared to 'Stand Behind USDC and Cover Any Shortfall' – Bitcoin News

Circle noted that the stablecoin's liquidity operations will resume normally on Monday morning in the United States.

Stablecoins Rebound as Circle Announces It will ‘Cover Any Shortfall’ in $USDC Reserves

Circle, the $USDC issuer, responded to the $USDC depeg with a letter stating that if Silicon Valley Bank's $3.3 billion in reserves are not returned 100%, Circle will stand behind $USDC and cover any shortfall using corporate resources, involving external capital if necessary.

Circle Issues Update Amid Stablecoin Volatility; Firm Is Prepared to 'Stand Behind USDC and Cover Any Shortfall' – Bitcoin News

On Saturday, March 11, 2023, Circle Financial updated the public about its stablecoin, USDC, and noted that the stablecoin’s liquidity operations will resume normally on Monday morning in the United States. Circle said that the company’s teams would be ready on Monday to “handle significant volume” and that the firm will “stand behind USDC and […]

Circle Issues Update Amid Stablecoin Volatility; Firm Is Prepared to 'Stand Behind USDC and Cover Any Shortfall' – Bitcoin News

Circle Issues Update Amid Stablecoin Volatility; Firm Is Prepared to ‘Stand Behind USDC and Cover Any Shortfall’ – Bitcoin News On Saturday, March 11, 2023, Circle Financial updated the public about its stablecoin, USDC, and noted that the stablecoin’s liquidity operations will resume normally on Monday morning in the United States. Circle said that the […]

Circle Points Replace Amid Stablecoin Volatility; Agency Is Ready to ‘Stand Behind USDC and Cowl Any Shortfall’

On Saturday, March 11, 2023, Circle Monetary up to date the general public about its stablecoin, USDC, and famous that the stablecoin’s liquidity operations will resume usually on Monday morning in the USA. Circle stated that the corporate’s groups could be prepared on Monday to “deal with vital quantity” and that the agency will “stand