Circle plans to cover missing liquidity in Silicon Valley Bank with corporate funds

Dato · 03-12-2023, 09:24 AM

Circle plans to cover missing liquidity in Silicon Valley Bank with corporate funds

<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDMvYTZiZDI3NDAtNmVjNy00ZWIyLTg5YzMtNjlmNWNjM2I2OWI3LmpwZw==.jpg"></p><p>According to Circle, USDC liquidity operations will "resume as normal when banks open on Monday morning in the United States," enabling USDC redemption at 1:1 with the U.S. dollar.</p>

https://cointelegraph.com/news/circle-pl...rate-funds

Possibly Related Threads…
Thread		Author	Replies	Views	Last Post
	Victim of 90 ETH exploit set to claw funds back after hacker was blacklisted	Dato	0	185	08-12-2023, 06:50 AM Last Post: Dato
	FTX's Debtors Battle for Asset Control amid Restructuring Plans	Andy	0	175	08-11-2023, 06:35 AM Last Post: Andy
	US bank reveals $166M in crypto holdings: Q2 earnings report	Dato	0	122	08-11-2023, 06:35 AM Last Post: Dato
	Circle preps $1B war chest to deal with market threats from PayPal and others	Dato	0	98	08-11-2023, 06:35 AM Last Post: Dato
	Binance invests $5M in Curve token as hacker partially returns funds	Dato	0	98	08-11-2023, 06:35 AM Last Post: Dato