Circle issued a note to trading firms confirming outstanding transactions will not be processed until Monday.
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USDC Issuer Circle Says it 'Awaits Clarity' From FDIC on Silicon Valley Bank CollapseCircle declined to specify how much of the cash backing USDC is stuck at Silicon Valley Bank in its first statement since the tech lender's collapse. realDannyNelson reports
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USDC Stablecoin Depegs From $1; Circle Says Operations Are Normal.circle's $USDC, the second-largest stablecoin, dropped to $0.973 on Kraken, depegging from the U.S. dollar Friday amid fallout from SVB_Financial's collapse. Circle says its operations are normal. reports
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Circle Confirms $3.3B of USDC's Cash Reserves Stuck at Failed Silicon Valley BankCircle said Friday that $3.3 billion in cash – roughly 7.5% of USDC's total reserves – remain at failed Silicon Valley Bank. sndr_krisztian reports
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