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Cryptopolitan
2023-03-11 17:30:53

Circle reveals $3.3 billion in USDC reserves remain at insolvent Silicon Valley Bank

Circle reveals $3.3 billion in USDC reserves remain at insolvent Silicon Valley Bank

Concerns are rising within the cryptocurrency industry following the revelation that $3.3 billion of the approximately $40 billion in USDC reserves remain at Silicon Valley Bank (SVB). This news comes after wires initiated on Thursday to remove balances were not yet processed, indicating that a significant portion of the stablecoin’s reserves is still held by … Circle reveals $3.3 billion in USDC reserves remain at insolvent Silicon Valley Bank Read More »

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