Circle’s earlier disclosure that $3.3 billion worth of USDC reserves were held with Silicon Valley Bank resulted in it losing market share to its competitor USDT.

Collateral, reserves, USDC, USDT, peg, depeg, SVB, Silicon Valley Bank, reserve report, redemptions, $3.3 billionRead More

You might also be interested in reading FTSE 100 tops 8,500 to hit new record on hopes of rate cuts to boost flat economy.