Circle plans to cover missing liquidity in Silicon Valley Bank with corporate funds Post author:MiamiCrypto Post published:March 11, 2023 Post category:Circle / Stablecoin / United States / USD Coin According to Circle, USDC liquidity operations will “resume as normal when banks open on Monday morning in the United States,” enabling USDC redemption at 1:1 with the U.S. dollar. You Might Also Like SEC is ‘open to discussion’ when it comes to crypto: Kraken chief lawyer September 24, 2021 US Scrutiny of Tether Could Disrupt Crypto Ecosystem, Ripple CEO Warns May 12, 2024 SEC’s crypto actions surged 183% in 6 months after the FTX collapse June 8, 2023