Circle ‘able to access’ $3.3B of USDC reserves at Silicon Valley Bank, CEO says

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Circle’s earlier disclosure that $3.3 billion worth of USDC reserves were held with Silicon Valley Bank resulted in it losing market share to its competitor USDT.

Source: Cointelegraph.com News

#Collateral, #Reserves, #USDC, #USDT, #Peg, #Depeg, #SVB, #SiliconValleyBank, #ReserveReport, #Redemptions, #33Billion

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