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Circle used SVB, not Coinbase (I'm no expert though, correct me if I'm wrong) Edit: Parent comment is now correct
by drcode 4y ago
Circle used SVB, not Coinbase
(I'm no expert though, correct me if I'm wrong)
Edit: Parent comment is now correct
- xbruteforce 4y agoThere is USDC liquidity on Coinbase. Which may not be redeemable for USD over the weekend because of this news. That's why Coinbase are stopping withdrawals.
- kersplody 4y agoEdited parent. USD Coin is managed by a consortium called Centre, which was founded by Circle and includes members from the cryptocurrency exchange Coinbase. Circle used SVB.