Crypto Evening Briefing: Circle Says USDC Operations Unaffected by SVB, Signature Closures
The closure of Silicon Valley Bank and Signature Bank won’t affect Circle’s USDC operations.
Circle:$3.3 Billion of USDC Reserve Risk Removed, Dollar De-Peg Closes
The $3.3B USDC reserve deposit held at Silicon Valley Bank, about 8% of the USDC total reserve, will be fully available when U.S. banks open tomorrow morning.
Circle Minted $407.8 Million $USDC, This Is the Largest USDC Minting in the Last 7 Days
Circle minted $407.8 million $USDC about 10 minutes ago This is the largest USDC minting in the last 7 days Hourly net change: +$463.8 million
