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๐๐ The industry has been hit with several incidents over the last couple of months. As the community tries to recover, another collapse follows suit. Similarly, the downfall of Signature Bank did cause havoc in the market. Now, Jeremy Allaire, #Circle CEO mentioned on #Twitter and affirmed that 100% of #USDC reserves were โsafe and secure.โ
#FMCPAY
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โโCoinbase Pauses Conversions Between USDC and U.S. Dollars as Banking Crisis Roils Crypto
#fmcpay #Coinbase #USDC
๐๐Details: https://news.fmcpay.com/...lars-as-banking-crisis-roils-crypto.html
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๐บ๐บ ๐๐๐๐๐๐๐๐: ๐๐ข๐ซ๐๐ฅ๐ ๐๐ข๐ฌ๐๐ฅ๐จ๐ฌ๐๐ฌ $๐.๐๐ ๐ญ๐ข๐๐ ๐ฎ๐ฉ ๐๐ญ ๐๐ข๐ฅ๐ข๐๐จ๐ง ๐๐๐ฅ๐ฅ๐๐ฒ ๐๐๐ง๐ค
#Stablecoin issuer #Circle said late Friday that $3.3 billion in cash deposits remained at Silicon Valley Bank (#SIVB), the lender which was shut down earlier in the day by regulators after suffering a run on deposits. The sum represents some 8% of the total reserves backing Circle's...
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