March 14 (Reuters) - Cryptocurrency firm Circle has
redeemed $2.9 billion USD Coin (USDC) and minted $0.7 billion
USDC on March 13, it said in a blog on Tuesday.
Circle said on Monday that all its depositors with the
collapsed Silicon Valley Bank and Signature Bank will be made the whole payment and the $3.3 billion
USDC reserve deposit held at Silicon Valley Bank will be fully
available when banks open Monday.
(Reporting by Lavanya Ahire in Bengaluru; Editing by Rashmi
Aich)
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