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Update on Banking Services with Silvergate Bank
Update on Banking Services with Silvergate Bank
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Company Updates
March 15, 2023 | Update on USDC operations
Team Circle | March 15, 2023
As of close of business March 15, Circle has cleared substantially all USDC minting and redemption backlogs and continues making progress toward full USDC liquidity operations.
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Company Updates
March 14, 2023 | Update on USDC Operations
Team Circle | March 14, 2023
The USDC reserve is held with BNY Mellon, except for limited funds held at transaction banking partners to support USDC minting and redemption, and is invested in the Circle Reserve Fund, managed by BlackRock and principally comprised of short dated U.S. Treasuries.
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Company Updates
An Update on USDC and Silicon Valley Bank
Team Circle | March 11, 2023
In a time of heightened uncertainty for the USDC economy, we remain committed to clear and transparent communication. As a regulated payment token, USDC will remain redeemable 1 for 1 with the U.S. Dollar.
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