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<blockquote style="position: relative; padding-left: 55px;"><section><a href="https://indieweb.social/users/web3isgreat/statuses/110001690266964741">web3 is going just great (web3isgreat@indieweb.social)'s status on Sunday, 12-Mar-2023 00:27:57 JST</a><a href="https://indieweb.social/@web3isgreat" title="web3isgreat@indieweb.social"><img src="https://gnusocial.jp/avatar/8878-48-20220905183312.webp" width="48" height="48" alt="web3 is going just great" style="position: absolute; left: 0; top: 0;">web3 is going just great</a><div><a href="https://indieweb.social/@web3isgreat/110001586440564721" rel="in-reply-to">in reply to</a></div></section><article><p>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.</p><p>Circle finally just released the most non-statement statement, which needless to say has not reassured folks: <a href="https://nitter.net/circle/status/1634341007306248199" rel="nofollow noreferrer">https://nitter.net/circle/status/1634341007306248199</a></p></article><footer><a rel="bookmark" href="https://gnusocial.jp/conversation/1308886#notice-2728601">In conversation</a><time datetime="2023-03-12T00:27:57+09:00" title="Sunday, 12-Mar-2023 00:27:57 JST">Sunday, 12-Mar-2023 00:27:57 JST</time> <span>from <span><a href="https://indieweb.social/@web3isgreat/110001690266964741" rel="external" title="Sent from indieweb.social via ActivityPub">indieweb.social</a></span></span><a href="https://indieweb.social/@web3isgreat/110001690266964741">permalink</a><h4>Attachments</h4><ol><li><label><a rel="external" href="https://gnusocial.jp/attachment/796301">
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 &amp; USDC continue to operate normally.
https://circle.com/en/transparency</a></label><br><a href="https://cdn.masto.host/indiewebsocial/media_attachments/files/110/001/689/540/446/573/original/ce902b27572cf777.png" rel="external">https://cdn.masto.host/indiewebsocial/media_attachments/files/110/001/689/540/446/573/original/ce902b27572cf777.png</a></li><li><article><header><div>No result found on File_thumbnail lookup.</div><h5><a href="https://nitter.net/circle/status/1634341007306248199">https://twitter.com/circle/status/1634341007306248199</a></h5><div> from <span>Circle</span></div></header><div></div><footer></footer></article></li></ol></footer></blockquote>

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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
in reply to
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 conversation2 years ago from indieweb.socialpermalink
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1. 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
  https://cdn.masto.host/indiewebsocial/media_attachments/files/110/001/689/540/446/573/original/ce902b27572cf777.png
2. No result found on File_thumbnail lookup.
  https://twitter.com/circle/status/1634341007306248199
  from Circle

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