Circle has access to its $3.3 billion reserves held at Silicon Valley Bank (SVB), CEO affirms
Circle’s CEO, Jeremy Allaire, announced that the stablecoin issuer is now “able to access” its $3.3 billion of funds held with Silicon Valley Bank (SVB), following the bank’s collapse. This news comes after Circle lost market share to its competitor, USDT, due to its earlier disclosure that $3.3 billion worth of USDC reserves were held […]
The General Counsel at Ripple, expresses his admiration for California congressman for protecting depositors at Silicon Valley Bank (SVB)
Stuart Alderoty, the General Counsel at Ripple, took to Twitter to express his admiration for California congressman Ro Khanna, who played a vital role in protecting depositors at Silicon Valley Bank (SVB) following its sudden collapse. Alderoty commended Khanna’s leadership, thanking him for making SVB depositors whole, including startups in various sectors such as healthcare, […]