Here's what happened to $USDC reserves in Silvergate: Statement by circle Circle
U.S. fintech major Circle, issuer and operator of the second-largest stablecoin USD Coin , informs its customers about the effects of the Silvergate crisis. As its major instrument Silvergate's Exchange Network is suspended, Circle switches to alternative service providers.Today, on March 4, 2023, the Circle team shared an official statement regarding its interaction with Silvergate, a crucial bank for cryptocurrency services, that now faces big troubles.
1/ Tonight, Silvergate discontinued the Silvergate Exchange Network . This service had automated USDC access for a small number of Circle customers. USDC minting and redemption remains fully operational.As per the statement, Circle has withdrawn the"small percentage" of USD Coin reserves held at Silvergate to other banking partners. Circle highlighted that Silvergate and its affiliated services were used by a small number of USDC customers.
Circle also revealed for the first time that it started"winding down" its interaction with Silvergate back in 2022 as signals of"troubles and risks" became apparent.All elements of the Circle ecosystem are already notified about the status changes of deposits that were previously operated by Silvergate. Meanwhile, Circle highlighted that the bank in trouble continues to assure that no customer deposits are affected by the potential liquidity crisis.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Did Ukraine infiltrate its own James Bond into Putin’s inner circle?Strategic Military Intelligence Analyst Rebekah Koffler explains why Ukrainian intelligence is likely working to unbalance Putin psychologically and gives reasons why it’s extremely difficult to place a spy into Putin’s inner circle.
続きを読む »
NewJeans, THE BOYZ, BLACKPINK, And Lee Chan Won Top Circle Weekly ChartsNewJeans, THEBOYZ, BLACKPINK, And LeeChanWon Top Circle Weekly Charts
続きを読む »
Circle, Paxos, Bitstamp and Galaxy join Coinbase in scaling back partnerships with Silvergate BankCoinbase announced the exchange would no longer accept or initiate payments with Silvergate, leading the charge in firms scaling back or terminating partnerships with the bank.
続きを読む »
Polestar 2 Arctic Circle EV First Drive: Drift CirclerWearing white OZ Racing wheels and studded tires, is this Polestar a cleaner, greener Lancia Delta HF Integrale?
続きを読む »