Circle CEO Jeremy Allaire:While USDC can be used 24/7/365 on chain, issuance and redemption is constrained by the working hours of the U.S. banking system.
USDC liquidity operations will resume as normal when banks open on Monday morning in the United States. As a practical matter, our teams are well prepared to handle significant volume, built on the strong liquidity and reserve assets discussed below.
As a regulated payment token, USDC will remain redeemable 1 for 1 with the U.S. Dollar.
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