Circle To ‘Stand Behind’ USDC, Cover $3.3 Billion Shortfall Held in Silicon Valley Bank

Circle stated it would use corporate resources and “external capital if necessary” to ensure that USDC is redeemable for the US Dollar at a 1:1 ratio.

Source: https://decrypt.co/123224/circle-to-stand-behind-usdc-cover-3-3-billion-shortfall-held-in-silicon-valley-bank

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