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Mar 11 2023

Circle Issues Update Amid Stablecoin Volatility; Firm Is Prepared to ‘Stand Behind USDC and Cover Any Shortfall’

Banking system Blockchain Circle Financial Corporate Resources crypto asset External Capital Failed Institution FDIC issuance Liquidity Market Capitalization Negative Scenario News Ordinary Course parity Public Update Reassurance redemption Reserve Assets Settlement shortfall silicon valley bank Stablecoin Stand Behind Stored-Value Money Transmission Regulation SVB Transactions transfers USD Coin USDC volume
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On Saturday, March 11, 2023, Circle Financial updated the public … More…

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