Breaking: Circle Accessed USDC Reserves In SVB Account, CEO Confirms

Circle USDC News: In the wake of the devastating effect the failure of Silicon Valley Bank and Signature Bank had on the US markets, Circle CEO Jeremy Allaire gave the latest update on the state of affairs. The crypto market went bullish this week as the SVB related contagion spread through the US financial sector. Amid the high volatility, several bank stocks were even halted for trading. Meanwhile, Bitcoin price is at its three month high whereas the USD Coin (USDC) is almost back to the $1 peg value.