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Tweet by Circle @circle: Silicon Valley Bank is one of six banking partners Circle uses for managing the ~25% portion of USDC reserves held in cash. While we await clarity on how the FDIC receivership of SVB will impact its depositors, Circle & USDC continue to operate normally. https://circle.com/en/transparency

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Tweet by Circle @circle: Silicon Valley Bank is one of six banking partners Circle uses for managing the ~25% portion of USDC reserves held in cash. While we await clarity on how the FDIC receivership of SVB will impact its depositors, Circle & USDC continue to operate normally. https://circle.com/en/transparency
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web3 is going just great (web3isgreat@indieweb.social)'s status on Sunday, 12-Mar-2023 00:27:57 JST web3 is going just great
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Some in crypto have been tearing their hair out that Circle has not yet released a statement about the portion of cash reserves kept at SVB.
Circle finally just released the most non-statement statement, which needless to say has not reassured folks: https://nitter.net/circle/status/1634341007306248199

In conversation Sunday, 12-Mar-2023 00:27:57 JST from indieweb.social permalink