Crypto News: Jeremy Allaire, Co-founder and CEO of Circle on Thursday, flagged off risk building around USD after the Silicon Valley Bank and other banks collapsed. This comes after Circle’s $3.3 billion of funds exposed to SVB were shifted out.
Circle CEO mentioned that after analysis, they saw lots of color and perspective from the market. There seems to be large scale risk off from USD exposure to US banks, however, it also involves US regulatory risk.
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