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Coin Edition
2023-03-04 09:20:45

Circle Moves Out Its Leftover USDC Reserve from Troubled Silvergate

Circle Moves Out Its Leftover USDC Reserve from Troubled Silvergate

Circle, the USDC stablecoin issuer regulated in the United States, has moved a small percentage of its USDC reserve deposits held at the troubled Silvergate Bank to its other banking partners. Circle announced this development in a press statement dated March 4, 2023, noting that the decision was due to the ongoing uncertainty at the The post Circle Moves Out Its Leftover USDC Reserve from Troubled Silvergate appeared first on Coin Edition .

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