Is Circle’s USDC Stablecoin at Risk after the collapse of SVB?

The post Is Circle’s USDC Stablecoin at Risk after the collapse of SVB? appeared first on Coinpedia Fintech News The collapse of Silicon Valley Bank (SVB) on March 10 has […]

The post Is Circle’s USDC Stablecoin at Risk after the collapse of SVB? appeared first on Coinpedia Fintech News
The collapse of Silicon Valley Bank (SVB) on March 10 has sent shockwaves through the crypto industry, leaving many investors concerned about the exposure of major players like Circle, the issuer of the popular stablecoin USDC. With $3.3 billion, or around 8%, of its reserves held at SVB, Circle is now facing heavy redemptions as …