#Circle Financial Confident in #USDC Stability Despite SVB Failure Circle, the issuer of the second-largest

“handle significant #volume” and that the firm will “stand behind #USDC and cover any shortfall using corporate resources, involving external capital if necessary

On Saturday, March 11, 2023, Circle Financial updated the public about its #stablecoin, #USDC, and noted that

Circle Issues Update Amid Stablecoin Volatility; Firm Is Prepared to 'Stand #Behind #USDC and Cover Any Shortfall

issuance and redemption is constrained by the #working hours of the U.S. banking system.” Circle’s stablecoin #USDC dropped to a low of $0.877 per unit on Saturday, March

#Monday, the stablecoin issuer noted, “#USDC will remain redeemable 1-for-1 with the U.S. dollar.”

#SVB Failure Circle, the issuer of the second-largest stablecoin by market capitalization, usd coin (#USDC), addressed the public on Saturday, 

While usd coin (#USDC) is a crypto asset that operates 24/7 on various #blockchains, Circle emphasized that “

Circle said that while $3.3 #billion in #USDC cash reserves are held at SVB,

#Circle Financial Confident in #USDC Stability Despite SVB Failure Circle, the issuer of the second-largest

“handle significant #volume” and that the firm will “stand behind #USDC and cover any shortfall using corporate resources, involving external capital if necessary

On Saturday, March 11, 2023, Circle Financial updated the public about its #stablecoin, #USDC, and noted that

Circle Issues Update Amid Stablecoin Volatility; Firm Is Prepared to 'Stand #Behind #USDC and Cover Any Shortfall

issuance and redemption is constrained by the #working hours of the U.S. banking system.” Circle’s stablecoin #USDC dropped to a low of $0.877 per unit on Saturday, March

#Monday, the stablecoin issuer noted, “#USDC will remain redeemable 1-for-1 with the U.S. dollar.”

#SVB Failure Circle, the issuer of the second-largest stablecoin by market capitalization, usd coin (#USDC), addressed the public on Saturday, 

While usd coin (#USDC) is a crypto asset that operates 24/7 on various #blockchains, Circle emphasized that “

Circle said that while $3.3 #billion in #USDC cash reserves are held at SVB,

Meanwhile, #USDC is currently trading at nearly its #intended peg of $1 after experiencing substantial redemptions and a market cap decline of over $3 billion amidst the ongoing situation involving US banks.

On March 13, days after the USDC depegging, Circle announced #Cross River as its new commercial #banking partner to produce and redeem #USDC.

After the #SVB fallout, Oliver von Landsberg-Sadie, #CEO of #BCB Group, tweeted that the group has no ties with SVB or Signature and no “material amount of its own” in #USDC.

On March 13, days after the USDC depegging, Circle announced #Cross River as its new commercial #banking partner to produce and redeem #USDC.

After the #SVB fallout, Oliver von Landsberg-Sadie, #CEO of #BCB Group, tweeted that the group has no ties with SVB or Signature and no “material amount of its own” in #USDC.

#Traders Bet on #USD #Coin Rebound as #USDC Falls to 90 Cents

What is your opinion on this situation and, above all, how do you react to it? Did you save your funds early in #Usdt #Usdc or are you just hoping that it will all be over soon and the bull market should be there soon anyway? 

Every #blockchain needs a canonical and fungible version of #USDC, and #Noble exists to fulfill this critical need.”

In its announcement, the Noble team said that #USDC will be the first “native, fiat-backed #stablecoin that is highly liquid and fully collateralized” on a Cosmos Inter-#Blockchain Communication Protocol-connected network. 

#Neither #Circle nor #Noble gave out a specific date for #USDC’s launch on the network, but both said that readers should “stay tuned.”

#USD #Coin will soon be available in the #Cosmos ecosystem via the #Noble network, according to a blog post from the Noble development team. The post was shared on Twitter by #USDC issuer #Circle.

#Traders Bet on #USD #Coin Rebound as #USDC Falls to 90 Cents

What is your opinion on this situation and, above all, how do you react to it? Did you save your funds early in #Usdt #Usdc or are you just hoping that it will all be over soon and the bull market should be there soon anyway? 

Great news for crypto investors! U.S. authorities take action to stabilize banking system and Circle reassures investors of #USDC's peg. Bitcoin is up 8% and Ethereum up 12%. Stay calm and #HODL on! 💪#cryptocurrency #investing

Meanwhile, #USDC is currently trading at nearly its #intended peg of $1 after experiencing substantial redemptions and a market cap decline of over $3 billion amidst the ongoing situation involving US banks.

On March 13, days after the USDC depegging, Circle announced #Cross River as its new commercial #banking partner to produce and redeem #USDC.

After the #SVB fallout, Oliver von Landsberg-Sadie, #CEO of #BCB Group, tweeted that the group has no ties with SVB or Signature and no “material amount of its own” in #USDC.