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Circle plans to cover missing liquidity in Silicon Valley Bank with corporate funds

According to Circle, USDC liquidity operations will “resume as normal when banks open on Monday morning in the United States,“ enabling USDC redemption at 1:1 with the U.S. dollar.

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Circle plans to cover missing liquidity in Silicon Valley Bank with corporate funds

According to Circle, USDC liquidity operations will “resume as normal when banks open on Monday morning in the United States,“ enabling USDC redemption at 1:1 with the U.S. dollar.

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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