Circle Moved Small Percentage of USDC Reserve Deposits on Silvergate to Other Banking Partners
Circle says the winding down of exposure to Silvergate began last year, as indications of trouble and greater risk exposure in the crypto asset industry became more evident.
Cointime News Wrapup-Afternoon Version: U.S. Lawmakers Say SEC Directive May Bring “Greater Risk of Loss”
Afternoon version
Circle Has Announced That Citizens Trust Bank Will Hold $65 Million in USDC Cash Reserves
Circle Internet Financial, a global digital financial technology firm and the issuer of USD Coin (USDC), has announced that Citizens Trust Bank will hold $65 million in USDC cash reserves.
