Circle CEO ‘able to access’ $3.3B of USDC’s Reserves at Silicon Valley Bank
Jeremy Allaire, CEO and co-founder of Circle, stated that the stablecoin issuer has been “able to access” its $3.3 billion.
Jeremy Allaire, CEO and co-founder of Circle, stated that the stablecoin issuer has been “able to access” its $3.3 billion.
Crypto’s go-to bank Silvergate’s voluntary collapse and government efforts to seize Silicon Valley Bank shook the industry. Depositors will be.
The crisis surrounding cryptocurrencies kicked into high gear early on Saturday morning after the collapse of Silicon Valley Bank (SVB),.
Today’s bankruptcy of California’s Silicon Valley Bank removes one lending partner from the cryptocurrency industry, increasing pressure on stablecoin producer.
Market players are concerned about Silicon Valley Bank’s contagion after Friday’s second-largest bank collapse (SVB). Venture capitalists and crypto executives.
Coinbase has reassured users that its staking services will continue and “may actually increase” despite the recent crackdown by the.
Stablecoins and Ether are commodities, according to the head of the United States Commodities Futures Trading Commission (CFTC), and should.
The business that created the stablecoin Tether USDT$1.00 has refuted a Wall Street Journal story that said it was connected.
MicroStrategy and Tether are the latest companies to disclaim any significant connection to Silvergate Bank. Once Silvergate stated on March.
The supply of Binance USD (BUSD), the third-largest stablecoin, has decreased by 60% since the middle of February, and it.