Цирцле-ове УСДЦ резерве у врућој води како записи показују изложеност банци Силицијумске долине

On Friday, the prominent Silicon Valley Bank, which served as the go-to bank for venture capitalists and startups, got shuttered down by the California Department of Financial Protection. Although not as concerning as the Silvergate crisis for the crypto community, many were taken aback to learn that Круг, емитент УСДЦ стаблецоин, had an undisclosed exposure to the troubled bank.

USDC’s Exposure Significant?

According to the reserves reported on Circle’s official website, the company has around $8.67 billion of cash placed at regulated banks to support the value of USDC. These banking partners include noteworthy institutions such as BNY Mellon, Signature Bank, Citizens Trust Bank, Customers Bank, New York Community Bank, Silvergate and the now-defunct Silicon Valley Bank.

Опширније: US Regulators Seize Silicon Valley Bank, To Protect Insured Depositors

Circle’s annual извештај released in 2022, stated that approximately 80% of the стаблецоин reserves consisted of three-month U.S. Treasury bills. The remaining 20%, however, remained in cash, which is held by each of the eight banking partners regulated by the United States. Moreover, the report mentioned Deloitte to be its official auditor and the company has already received its first certification report.


Although it’s certain Circle has a part of its $8.67 bn USDC reserves in the bank, an official number has still not been provided.

Circle’s Subsequent Banking Woes

Circle announced last week that it had severed relations with Силвергате Банк — crypto’s once favored banking partner — before the firm ceased operations and announced that it would voluntarily liquidate its assets this week. Цоинбасе, one of USDC’s initial founding partners, also cut ties with the bank and chose Signature Bank as a replacement.

However, due to the news of SVB’s closure, Signature Bank’s stock dropped by 22% and has since been halted from further trading. At the time of writing, УСДЦ цена остала је везана за вредност од једног долара на 43 милијарде долара тржишна капа.

Такође читајте: Амерички председник Бајден се жалио на хлађење инфлације; Да ли је Битцоин време да заблиста?

Пратик је крипто еванђелиста од 2016. и прошао је кроз скоро све што крипто може да понуди. Било да се ради о ИЦО буму, медвеђим тржиштима 2018, преполовљењу биткоина до сада – све је видео.

Представљени садржај може садржати лично мишљење аутора и подложан је тржишним условима. Истражите тржиште пре него што инвестирате у крипто валуте. Аутор или публикација не сноси никакву одговорност за ваш лични финансијски губитак.

Source: https://coingape.com/circles-usdc-reserves-hot-water-exposure-silicon-valley-bank/