Circle's exposure to Silicon Valley Bank accounts for approximately 8% of its total reserves

2023-03-11 11:41:09

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ChainCatcher news, according to data previously released by Circle, as of March 9, Circle's USDC reserves totaled $43.5 billion, of which $11.1 billion is in cash reserves.

Earlier, ChainCatcher reported that of the approximately $40 billion in USDC reserves within the cash reserves, $3.3 billion is still at Silicon Valley Bank. This accounts for about 29.7% of its total cash reserves and 8% of its total reserves.

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