Circle confirms $3.3 billion remain at Silicon Valley Bank

Circle confirms $3.3 billion remain at Silicon Valley Bank

Market Analysis
March 11, 2023 by secret
81
[ad_1] Circle said it failed to remove $3.3 billion from Silicon Valley Bank. SVB is under FDIC receivership following its collapse. USDC depegged following the news, falling 8% to hit lows of $0.91 on Saturday morning. Circle, the blockchain payments company that issues the USDC stablecoin, has confirmed that $3.3 billion worth of USDC reserves