Circle’s USDC Endured $1B of Net Redemptions Since Silicon Valley Bank’s Shutdown
Stablecoin issuer Circle held an undisclosed amount of USDC’s cash reserves at failed Silicon Valley Bank.
Circle
USDC Issuer Circle Says it ‘Awaits Clarity’ From FDIC on Silicon Valley Bank Collapse
In its first statement following the collapse of Silicon Valley Bank, Circle declined to state how much cash it has tied up at the bank.
USDC Stablecoin Depegs From $1; Circle Says Operations Are Normal
USDC dropped to $0.973, its lowest level since the collapse of FTX.
Dapper Removes ACH Withdrawal Option, Citing Circle
Wire transfer and USDC remain an option for Dapper users.