Banks that keeping $9.88 billion cash reserves of USDC falling one by one

The full list of banks that held $9.88 billion cash for Circle’s USDC

  • Silvergate Bank
  • Silicon Valley Bank
  • Signature Bank (shares have dropped 12% probably next)
  • New York Community Bank
  • Customers Bank
  • Citizens Trust Bank
  • Bank of New York Mellon

Circle said it had cut ties with Silvergate Bank and will voluntarily liquidate its assets, and didn’t mention Silicon Valley Bank and Signature Bank yet.

Do you think there is an operation ongoing against Circle while the SEC is questioning stablecoins?

submitted by /u/mesutdmn
[link] [comments]

This post was originally published on this site