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Tweet by Circle (@circle): 1/ Following the confirmation at the end of today that the wires initiated on Thursday to remove balances were not yet processed, $3.3 billion of the ~$40 billion of USDC reserves remain at SVB. Tweet by Circle (@circle): 2/ Like other customers and depositors who relied on SVB for banking services, Circle joins calls for continuity of this important bank in the U.S. economy and will follow guidance provided by state and Federal regulators.

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Tweet by Circle (@circle): 1/ Following the confirmation at the end of today that the wires initiated on Thursday to remove balances were not yet processed, $3.3 billion of the ~$40 billion of USDC reserves remain at SVB. Tweet by Circle (@circle): 2/ Like other customers and depositors who relied on SVB for banking services, Circle joins calls for continuity of this important bank in the U.S. economy and will follow guidance provided by state and Federal regulators.
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web3 is going just great (web3isgreat@indieweb.social)'s status on Sunday, 12-Mar-2023 00:28:17 JST web3 is going just great
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Per Circle: $3.3 billion, or about one third of USDC's $9.88 billion cash reserves, are with Silicon Valley Bank. https://nitter.net/circle/status/1634391505988206592

In conversation Sunday, 12-Mar-2023 00:28:17 JST from indieweb.social permalink