AnalysisTuoniaox Archive

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.

鸵鸟区块链March 21, 20231 min readOriginal source

3月21日TuoniaoX.com消息，据“财富”杂志援引知情人士报道，Coinbase 曾在硅谷银行破产后向 Circle 提供约 30 亿美元即时信贷额度以保证 USDC 储备流动性。此前消息，Circle 曾披露其约 400 亿美元的 USDC 储备中有 33 亿美元保存在硅谷银行中。