According to Fortune, the Coinbase exchange offered Circle a $3 billion line of credit after the USDC Stablecoin lost parity with the dollar and the firm’s funds were stuck at Silicon Valley Bank.
Both companies wanted to announce the deal Sunday night, but regulators later returned customers’ access to the bank’s deposits.
Holpop News
Holpop News
Fortune: Coinbase was willing to open a line of credit to Circle after Silicon Valley Bank collapsed
posted on March 21, 2023 by holpop in Blockchain
