Circle moves its USDC reserve deposits out of troubled Silvergate Bank

In a filing Wednesday, Silvergate Bank said losses could leave it with more capital than it needs. Banks recently shut down the SEN platform, which financial institutions used to move funds to cryptocurrency exchanges. Coinbase, Galaxy, and Paxos have stopped accepting transfers through the Silvergate Network. USDC stablecoin issuer Circle announced today announced As Silvergate […]

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