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Circle's CEO, Jeremy Allaire on USDC, SVB's Collapse, & the U.S. Banking System

Bankless

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Navigating Banking Turmoil: USDC's Resilience

This chapter explores Circle's strategic response to banking crises, particularly following the collapse of Silicon Valley Bank. It highlights the proactive measures taken to secure USDC and strengthen relationships with major banking institutions like BNY Mellon. The discussion emphasizes the importance of resilient banking infrastructure for digital assets and advocates for regulatory reforms to enhance the future of digital currencies.

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