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SEC Reportedly Monitoring Circle’s Exposure to SVB, USDC Stablecoin Considered Security

Cointime Official

Crypptop KOL Andrew @AP_Abacus said on Twitter that the US Securities and Exchange Commission (SEC) has reportedly been monitoring Circle's exposure to at-risk banks, particularly Silicon Valley Bank.

According to a source, the SEC believes that the USDC stablecoin is a security and further actions can be expected in the upcoming weeks. 

USDC USDC $1.00
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