Circle: 100% of deposits from SVB are secure and will be available at banking open tomorrow.
13 Mar 2023, 01:19
Circle: 100% of deposits from SVB are secure and will be available at banking open tomorrow. 100% of USDC reserves are also safe and secure, and we will complete our transfer for remaining SVB cash to BNY Mellon. With the closure of Signature bank announced tonight, we will be bringing on a new transaction banking partner with automated minting and redemption potentially as soon as tomorrow. LINK