Circle says USDC reserves to be fully available on Monday
Circle said on Sunday all its depositors with the collapsed Silicon Valley Bank and Signature Bank will be made whole and the US$3.3-billionCircle’s announcement comes after the US administration on Sunday stepped in with series of emergency measures to shore up confidence after failure of Silicon Valley Bank and New York-based Signature Bank threatened to trigger a systemic crisis.
USDC lost its dollar peg and slumped to an all-time low on Saturday before recovering most of its losses
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