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Crypto Investors Cash Out $2 Billion in USD Coin After Bank Collapse
linkweb3
2023-03-11
3630
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Summary：CRYPTO Circle Internet Financial Ltd. has $3.3 billion of its USD Coin reserves tied up in the collapsed Silicon Valley Bank, the cryptocurrency firm said late Friday. The dollar-pegged cryptocurrency, USD Coin, traded below 98 cents Friday, according to data from CoinDesk.
CRYPTO Circle Internet Financial Ltd. has $3.3 billion of its USD Coin reserves tied up in the collapsed Silicon Valley Bank, the cryptocurrency firm said late Friday. The dollar-pegged cryptocurrency, USD Coin, traded below 98 cents Friday, according to data from CoinDesk.
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