Circle «смогла получить доступ» к $3,3 млрд резервов ЦБ США в банке Силиконовой долины, говорит генеральный директор

Circle CEO and co-founder Jeremy Allaire says that since March 13, the stablecoin issuer has been “able to access” its $3.3 billion of funds held with the collapsed bank, Silicon Valley Bank.

Speaking with Bloomberg Markets on March 14, Allaire said that he believed that “if not everything, very close to everything was able to clear” from the failed lender.

USD Coin (USDC) — the stablecoin issued by Circle — briefly de-pegged following news that $3. 3 billion of its cash reserves were stuck on SVB.

The stablecoin’s dollar peg has since recovered, but mass redemptions of USDC have resulted in the market cap of the stablecoin dropping by nearly 10% since March 11, according to TradingView.

The market cap of USDC from March 8 to March 14. Source: TradingView

Meanwhile, throughout the same timeframe, USDC peer Tether (USDT) has recorded a slight increase in its market cap since March 11, climbing by over 1% to $73.03 billion.

The temporarily locked funds had a significant effect on USDC, even though the $3. 3 billion represented less than 8% of the token’s reserves, according to its January reserve report released on March 2.

Quote.

Can never be sure in crypto but, it looks to be ok.

8.25% of Circle’s reserves are stuck… leaving 91.75% of their funds liquid. Even in the case that funds are totally lost, Coinbase will step in to sure up #USDC

Market reaction seems to be just total panic led by recency… tedtalksmacro (@tedtalksmacro) March 11, 2023

В отчете утверждается, что USDC обеспечен на 100%, причем более 80% резервов состоят из краткосрочных казначейских векселей США — высоколиквидных активов, являющихся прямыми обязательствами правительства США и считающихся одними из самых безопасных инвестиций в мире.