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Circle prefers reserves and payment rails with the Fed, says exec

Circle’s Asia-Pacific vice president said the company currently holds 80% of its reserves but would ultimately like to keep all cash with the Fed in light of the recent banking crisis.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Circle prefers reserves and payment rails with the Fed, says exec

Circle’s Asia-Pacific vice president said the company currently holds 80% of its reserves but would ultimately like to keep all cash with the Fed in light of the recent banking crisis.

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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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