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You are here: Home / Top Stories / Crypto: Stablecoin issuer Circle to transfer $3.3 billion in cash held at Silicon Valley Bank to BNY Mellon

Crypto: Stablecoin issuer Circle to transfer $3.3 billion in cash held at Silicon Valley Bank to BNY Mellon

March 13, 2023 by MarketWatch.com - Top Stories

Circle, creator of the world’s second-largest stablecoin USDC, will transfer its $3.3 billion in cash held at collapsed Silicon Valley Bank to BNY Mellon on Monday, once the funds become available, CEO Jeremy Allaire tweeted Sunday. 

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