Circle To ‘Stand Behind’ USDC, Cover $3.3 Billion Shortfall Held in Silicon Valley Bank

Circle (USDC) Reveals Commitment to Cover Silicon Valley Bank Shortfall with External Capital

Stablecoin issuer Circle has announced that it will cover any missing liquidity in Silicon Valley Bank using corporate funds if necessary.

Breaking: $40 billion of USDC reserves remain at collapsed Silicon Valley Bank - USDC crash coming?

Circle speaks on the situation with USDC reserves. Leading crypto exchanges like Binance and Coinbase halt USDC:USD conversions temporarily.

Circle To ‘Stand Behind’ USDC, Cover $3.3 Billion Shortfall Held in Silicon Valley Bank - CryptoZone

USDC stablecoin issuer Circle has claimed that it will “cover any shortfall” caused as a result of the $3.3 billion in its funds held by the collapsed Silicon Valley Bank. In a blog post, Circle wrote that the company is legally obliged to “stand behind” USDC and will cover any shortfall using corporate resources—and “external […]

Circle To ‘Stand Behind’ USDC, Cover $3.3 Billion Shortfall Held in Silicon Valley Bank

Circle stated it would use corporate resources and "external capital if necessary" to ensure that USDC is redeemable for the US Dollar at a 1:1 ratio.

Circle To ‘Stand Behind’ USDC, Cover $3.3 Billion Shortfall Held in Silicon Valley Bank

Circle stated it would use corporate resources and

Circle To ‘Stand Behind’ USDC, Cover $3.3 Billion Shortfall Held in Silicon Valley Bank

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