Get access to our best features
Get access to our best features
Published 1 year ago

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

Summary by Ground News
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. The company discussed the failure of Silicon Valley Bank (SVB) and also emphasized the USDC's liquidity and reserve assets. Circle said that while $3.3 billion in USDC cash reserves are held at SVB, the company initiated transfers of the funds to other banks.

0 Articles

All
Left
Center
Right
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe
Ground News Article Assistant
Not enough coverage to generate an Article Assistant.

Bias Distribution

  • 100% of the sources are Center
100% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Sources are mostly out of (0)

Similar News Topics