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Circle said it will resume normal operations when U.S. banks open Monday and that its flagship stablecoin USDC will remain redeemable one-for-one with the U.S. dollar after Silicon Valley Bank collapsed holding $3.3 billion of the company’s reserves. Circle said it is required to cover any…

#circle #usdc #siliconvalleybank #svb #fdic #ustreasurys #bnymellon #customersbank #signaturebank #silvergatebank

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