Insiders: Coinbase provided Circle with approximately $3 billion instant credit facility after Silicon Valley Bank collapse

March 21 TuoniaoX.com news, according to Fortune magazine citing insiders, Coinbase provided Circle with approximately $3 billion instant credit facility after Silicon Valley Bank's collapse to ensure USDC reserve liquidity. Previously, Circle disclosed that $3.3 billion of its approximately $40 billion USDC reserves were held at Silicon Valley Bank.