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

March 15, 2023 by DIGIT

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. Go to Source Powered by WPeMatico

Categories $3.3 billion, collateral, depeg, Peg, redemptions, reserve report, reserves, silicon valley bank, SVB, USDC, USDT


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  • bitcoinBitcoin(BTC)$87,465.00-2.30%
  • ethereumEthereum(ETH)$2,939.15-3.19%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$846.95-1.98%
  • rippleXRP(XRP)$1.88-2.74%
  • usd-coinUSDC(USDC)$1.00-0.04%
  • solanaSolana(SOL)$122.97-3.17%
  • tronTRON(TRX)$0.283270-0.06%
  • staked-etherLido Staked Ether(STETH)$2,939.06-3.97%
  • dogecoinDogecoin(DOGE)$0.129880-2.48%