Circle CEO and co-founder, Jeremy Allaire, confirmed that, as of March 13, the stablecoin issuer has been “able to access” its $3.3 billion of funds held with the collapsed bank, Silicon Valley Bank (...
Tag: 3.3B
Circle Reserves worth $3.3B at SVB to be ‘fully available’ soon
$3.3B in USDC reserve deposits held at the failed SVB will be fully recovered when banks reopen in the U.S Circle also announced new partnership with the Cross River Bank Popular stablecoin issuer Cir...
Circle Has $3.3B SIVB Exposure, Crypto Daily TV 13/3/2023 $USDC
In Todays Headline TV CryptoDaily News: BTC rises on govt. plan to protect all SVB depositors. The price of bitcoin rose above $21,400 after the Washington Post reported that U.S. federal authorities ...
Silicon Valley Bank’s troubles put Circle’s $3.3b USDC reserve at risk
Circle’s USDC, the second-largest stablecoin with a market capitalization of $43b, has been hit by the collapse of Silicon Valley Bank (SVB). On Friday, regulators in California placed the bank under ...
USDC depegs as Circle confirms $3.3B stuck with Silicon Valley Bank
Almost immediately after USD Coin (USDC) issuer Circle revealed it was not able to withdraw $3.3 billion of its $40 billion from Silicon Valley Bank (SVB), the resultant sell-off caused the price of t...
Circle discloses $3.3B tied up at Silicon Valley Bank
On March 10, Blockchain payment technology company Circle confirmed that wires initiated on Thursday to remove balances have not yet been processed, leaving $3.3 billion of its $40 billion USDC reserv...
U.S DoJ reveals second-largest haul with seizure of BTC worth $3.3B
The U.S Department of Justice is in the news today after it announced its second-largest Bitcoin seizure ever. This was made towards the end of 2021 in connection with Silk Road, the infamous dark web...