The Silicon Valley Bank (SVB) logo is seen through a rain covered window in front of the SVB headquarters on March 10, 2023 in Santa Clara, California.

The abrupt failures of Silicon Valley Bank and Signature Bank mark the first time major banks have failed since the 2008 financial crisis—and the second and third largest in U.S. history.

Circle’s stablecoin banked at SVB and guess what happened next on x ... Silicon Valley Bank is one of six banking partners Circle uses for managing the ~25% portion of USDC reserves held in cash.

Coinbase offered Circle a lifeline, an interesting act considering that the CEX was once Circle's rival, although both now share management and profits of the stablecoin USDC.

Stablecoin issuer Circle is calling on Congress to urgently pass legislation to regulate stablecoins in the wake of Silicon Valley Bank's failure, which resulted in market turmoil that briefly ...

After the collapse of Silicon Valley Bank, it's past time to unbundle payments and banking, writes Gordon Y. Liao of Circle.

EBay sellers have put items featuring SVB's logo up for auction. Justin Sullivan/Getty Images/eBay sellers 2023-03-16T12:31:43Z ...

At 10:11 PM ET, Circle offered more clarity, tweeting that $3.3 billion—or around 8%—of its reserves remained at SVB, revealing that wires initiated on Thursday to remove balances from the ...

Shortly after SVB collapsed, Circle disclosed that it had $3.3 billion tied up at SVB, while BlockFi was found to have $227 million in uninsured deposits with the bank. Magazine: Unstablecoins ...

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