Circle Commits to Covering USDC Shortfalls – Ensures Redemption at 1:1 with USD
USDC issuer Circle has pledged to cover any shortfall in the stablecoin’s reserves if it does not receive the entirety of the $3.3 billion held at now-collapsed Silicon Valley Bank.…
We own $3.3 billion of its $43 billion in Stablecoin at SVB – Circle
The USD Coin (USDC) stablecoin has distanced away from its intended $1 peg following the revelation that Circle has exposure to the now-collapsed Silicon Valley Bank. Circle, the issuer of…
