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Caught up with @jerallaire, CEO of @circle. Some nice colour on what was happening behind the scenes at Circle after the SVB collapse. Circle had $3.3 billion parked with SVB that was backing its USDC stablecoin.
"We took a lot of precautions, late last week" pic.twitter.com/eqX7L0Qxma
— Arjun Kharpal (@ArjunKharpal) March 14, 2023