Cryptocurrency

Cryptocurrency

Crypto firm Circle reveals $3.3 billion exposure to Silicon Valley Bank

U.S. cryptocurrency firm Circle said it has $3.3 billion of its $40 billion of USD Coin reserves at the collapsed lender Silicon Valley Bank.Startup-focused SVB collapsed on Friday in the largest bank failure since the 2008 financial crisis.The Silicon Valley Bank (SVB) logo is seen through a rain-covered window.Justin Sullivan | Getty Images News | Getty ImagesU.S. cryptocurrency firm Circle has $3.3 billion of its $40 billion of USD Coin reserves at the collapsed lender Silicon Valley Bank, the company said in a tweet on Friday.The stablecoin company's announcement comes...
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