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Circle: If there is a shortfall in reserves, the company will use its resources and may consider using external capital to make up the deficiency

2023-03-12 07:47:22
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ChainCatcher news, USDC issuer Circle responded to the USDC depegging, stating "If the $3.3 billion reserves at Silicon Valley Bank cannot be returned 100%, Circle will use company resources, and does not rule out the involvement of external capital, to cover any shortfall." (source link)

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