Overview

Click to expand overview
11 de mar. de 2025After Friday's stunning collapse of Silicon Valley Bank, questions swirled around the exposure of one of crypto's top firms, Circle, the issuer of the second-largest 10 de mar. de 2025According to a USDC Reserve Report, Circle held an undisclosed amount of cash in the now-closed Silicon Valley Bank. Specifically, the stablecoin issuer listed SVB among 10 de mar. de 2025Circle’s USDC, the second largest stablecoin with $43 billion market capitalization, held an undisclosed part of its $9.8 billion cash reserves at failed Silicon Valley Bank. 10 de mar. de 2025Circle’s USDC, the second largest stablecoin with $43 billion market capitalization, has an undisclosed part of its $9.8 billion cash reserves at the now collapsed 11 de mar. de 2025The issuer of the second-largest stablecoin Circle has stated that it held an undisclosed portion of its $9.8 billion cash reserves at the failed Silicon Valley Bank as of 17th 10 de mar. de 2025Out of the $8.67 bn USDC reserves held across multiple banks, Circle maintains an undisclosed amount in the now-closed Silicon Valley Bank. On Friday, the

Circle USDC & Silicon Valley Bank Collapse: What Happened? (Updated 11 de mar. de 2025)

The collapse of Silicon Valley Bank (SVB) sent shockwaves through the financial world, and the crypto market wasn't spared. One of the firms most affected was Circle, the issuer of USDC, the second-largest stablecoin.

The Key Question: How Much USDC Reserve Was Held at SVB?

According to a USDC Reserve Report released around 10 de mar. de 2025, Circle held an undisclosed amount of cash in the now-closed Silicon Valley Bank. Circle’s USDC, boasting a $43 billion market capitalization, held an undisclosed part of its $9.8 billion cash reserves at failed Silicon Valley Bank. The exact amount remained a mystery for a while.

Reports Confirmed Exposure: Circle's Statement

Around 11 de mar. de 2025, after Friday's stunning collapse of Silicon Valley Bank, questions swirled around the exposure of Circle. The issuer of the second-largest stablecoin, Circle, has stated that it held an undisclosed portion of its $9.8 billion cash reserves at the failed Silicon Valley Bank as of 17th. This situation caused immediate concerns about USDC's stability.

Breaking Down the Numbers: USDC Reserves

Out of the $8.67 bn USDC reserves held across multiple banks, Circle maintains an undisclosed amount in the now-closed Silicon Valley Bank. On Friday, the market watched closely as the situation unfolded. The stability of USDC became a major talking point.

Moving Forward: What's Next for Circle and USDC?

The impact of SVB's collapse on Circle and USDC is still unfolding. Investors are closely monitoring the situation and the steps Circle is taking to address the concerns surrounding its reserves and the stability of its stablecoin. We will continue to update this page with the latest information.

Top Sources

Related Articles