Circle Commits to Covering USDC Shortfalls

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2023-03-13 07:56:14 - Translate -

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CRYPTONEWS.COM

Circle Commits to Covering USDC Shortfalls – Ensures Redemption at 1:1 with USD

USDC issuer Circle has pledged to cover any shortfall in the stablecoin's reserves if it does not receive the entirety of the $3.3 billion held at now-collapsed Silicon Valley Bank.

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