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Wednesday, May 31, 2023

Crypto group Circle admits $3.3bn exposure to failed Silicon

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Circle, the operator of one of the world’s largest stablecoins, has said $3.3bn of its reserves are trapped in Silicon Valley Bank, triggering a fall in the value of its token as the crypto market reels from the failure of two US banks this week.

The announcement from Circle overnight on…

Read Full Article Here FT

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