Stablecoin issuer Circle to transfer $3.3 billion in cash held at Silicon Valley Bank to BNY Mellon
March 12, 2023 at 20:11 PM EDT
Circle, creator of the world’s second-largest stablecoin USDC, will transfer its $3.3 billion in cash held at collapsed Silicon Valley Bank to BNY Mellon on Monday, once the funds become available, CEO Jeremy Allaire tweeted Sunday.
