@circle is currently protecting #USDC from a black swan failure in the U.S. banking system. @SVB_Financial is a critical bank in the U.S. economy and its failure - without a Federal rescue plan - will have broader implications for business, banking and entrepreneurs.
1/ Following the confirmation at the end of today that the wires initiated on Thursday to remove balances were not yet processed, $3.3 billion of the ~$40 billion of USDC reserves remain at SVB.
2/ Like other customers and depositors who relied on SVB for banking services, Circle joins calls for continuity of this important bank in the U.S. economy and will follow guidance provided by state and Federal regulators.
Silicon Valley Bank is one of six banking partners Circle uses for managing the ~25% portion of USDC reserves held in cash. While we await clarity on how the FDIC receivership of SVB will impact its depositors, Circle & USDC continue to operate normally.
https://t.co/NU82jnajjY
ICYMI: @jerallaire & Jean-Noël Barrot, French Minister for Digital Transition & Telecomms, discuss the effort to create a single digital market across the EU & the importance of ensuring blockchain technology serves the cause of financial inclusion. https://t.co/xJiQR3h4Dt
The economy is becoming more digital & blockchain tech continues to shift the conversation on regulatory compliance & policy making. See how we’re thinking about this essential layer of the modern global economy in the State of the USDC Economy report: https://t.co/Jn3kcnaoPJ
Bloomberg @business@s_m_i interviewed @jerallaire , Chief Executive Officer of @circle to discuss stablecoins and his views on crypto regulation. Circle CEO Jeremy Allaire on US Crypto Regulation
Listen 🎧 👇🏾 $USDC
https://t.co/I8ALUOI6JS
Who should have oversight of stablecoins? Circle CEO Jeremy Allaire talks regulation and the problems with money on the Bloomberg @crypto podcast https://t.co/dLOeA3LFnj
During #WEF23 earlier this year, @TeanaTaylor sat down with Elizabeth Rossiello (@e_rossiello) of @aza_africa to highlight how AZA's institutional clients use $USDC & the benefits of doing business with a digital dollar that’s always on.
Read on: https://t.co/crAC751UYP
As part of our collaboration with @circle and powered by @AngelHack, we're excited to unveil the first-ever #CircleHackerHouse!
Held in Singapore, this 2-day physical dev meetup is not to be missed.
📆Save the date! RSVP here ➡️ https://t.co/mTz4x4OCxb
As part of our #IWD celebrations @CircleCarpenter and Li Fan, two of our executive women, explore the potential of digital innovation to help drive gender equality, and why we need more women working in #Web3 to harness it. #EmbraceEquity#TeamCircle https://t.co/HJg8QLbzb8
New Episode: Ep 79 of #TheMoneyMovement, a #WEF23 conversation is premiering now on Youtube! 📽️
Tune in to hear @jerallaire & Jean-Noël Barrot dive into France’s efforts to advance innovation & protect consumers in the digital assets ecosystem.
https://t.co/XuCA0Wv8Mo
PREMIERE TONIGHT: Ep 79 of #TheMoneyMovement features Jean-Noël Barrot, the French Minister for Digital Transition & Telecommunications, to discuss:
👉 The rise of French unicorns
👉 A single digital asset market
👉 Accelerating innovation across Europe
https://t.co/iFvcoczOLq
1/
📣 Native USDC is Going xChain: Wormhole integrates Circle’s CCTP
We're incredibly excited to announce that Wormhole has partnered with Circle to provide a seamless cross-chain development experience.
Read everything about it in this 🧵
1/ We had an incredible time at @EthereumDenver, highlighting the value of secure & flexible storage of digital assets with Circle’s custody solutions. We're excited to bring even more robust security solutions to the #Web3 community. #ETHDenver
4/ We also had the chance to talk about the endless possibilities w/ Circle Sandbox & the benefits of building with Circle. From our Ecosystem Grant Program to our @circle_ventures arm, we're here to support developers in every stage of their journey. 🛠️ https://t.co/gEo02EoBU6