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Banks that keeping $9.88 billion cash reserves of USDC falling one by one
The full list of banks that held $9.88 billion cash for Circle’s USDC
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https://preview.redd.it/5reb0ljp4zma1.png?width=540&format=png&auto=webp&v=enabled&s=e556f05899ac6fbbfd4e0c0596cf4bf41f04607f
* ~~Silvergate Bank~~
* ~~Silicon Valley Bank~~
* Signature Bank (shares have dropped 12% probably next)
* New York Community Bank
* Customers Bank
* Citizens Trust Bank
* Bank of New York Mellon
https://preview.redd.it/bp76tsol4zma1.png?width=500&format=png&auto=webp&v=enabled&s=4ba444f98a7506bc7485a10e4ba18b0484fc19a2
Circle said it had cut ties with Silvergate Bank and will voluntarily liquidate its assets, and didn't mention Silicon Valley Bank and Signature Bank yet.
Do you think there is an operation ongoing against Circle while the SEC is questioning stablecoins?
The full list of banks that held $9.88 billion cash for Circle’s USDC
​
https://preview.redd.it/5reb0ljp4zma1.png?width=540&format=png&auto=webp&v=enabled&s=e556f05899ac6fbbfd4e0c0596cf4bf41f04607f
* ~~Silvergate Bank~~
* ~~Silicon Valley Bank~~
* Signature Bank (shares have dropped 12% probably next)
* New York Community Bank
* Customers Bank
* Citizens Trust Bank
* Bank of New York Mellon
https://preview.redd.it/bp76tsol4zma1.png?width=500&format=png&auto=webp&v=enabled&s=4ba444f98a7506bc7485a10e4ba18b0484fc19a2
Circle said it had cut ties with Silvergate Bank and will voluntarily liquidate its assets, and didn't mention Silicon Valley Bank and Signature Bank yet.
Do you think there is an operation ongoing against Circle while the SEC is questioning stablecoins?
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