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Circle said that the situation is 'inflated' - the main collat | Token Daily

Circle said that the situation is "inflated" - the main collateral issuer USDC are stored in BlackRock and BNY Mellon, and even if you can not get back that $3.3 billion from Silicon Valley, the shortfall will be overlaid from corporate reserves.

They promise to restore full USDC-dollar parity by the beginning of the new week.