USDC reserves
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Circle: $3.3 billion in deposits in Silicon Valley banks
According to reports, Circle said on Twitter that about US $40 billion of USDC reserves had US $3.3 billion kept in Silicon Valley banks. Interpretation of this information: The announcement made by Circle has caught everyone’s attention as they revealed that around US $40 billion of USDC (USD Coin) reserves were being held in Silicon Valley banks. It has sparked interest among individuals as the use of cryptocurrencies is becoming increasingly popular, and many investors are curious about the underlying assets used to back digital currencies. Circle is a financial…
