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> Right now, Circle isn't willing to buy USDC for $1 USD https://www.circle.com/blog/an-update-on-usdc-and-silicon-valley-bank https://www.circle.com/blog/an-u

• SparkyMcUnicorn 4y ago
  Where does it say that? All I see is the exact opposite being said.
  • tylerhou 4y ago
    > As a regulated payment token, USDC will remain redeemable 1 for 1 with the U.S. Dollar.
  • latchkey 4y ago
    > "In such a case, Circle, as required by law under stored-value money transmission regulation, will stand behind USDC and cover any shortfall using corporate resources, involving external capital if necessary."