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AMB Crypto
2023-03-21 08:15:05

USDC issuer Circle offered $3 billion emergency backstop from Coinbase

USDC issuer Circle offered $3 billion emergency backstop from Coinbase

Coinbase reportedly offered a $3 billion credit facility to USDC issuer Circle Internet Financial. The credit facility was to guarantee full liquidity for the stablecoin following the collapse of Silicon Valley Bank. A multi-billion dollar emergency credit facility from American crypto exchange Coinbase to Circle Internet Financial recently came to light. The credit line was

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