FILE PHOTO: Word "Crypto" and stock graph are seen through magnifier displayed in this illustration taken September 4, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) -Cryptocurrency firm Circle said on Sunday all its depositors with the collapsed Silicon Valley Bank and Signature Bank will be made whole and the $3.3 billion USDC reserve deposit held at Silicon Valley Bank will be fully available when banks open Monday.
Circle's announcement comes after the U.S. administration on Sunday stepped in with series of emergency measures to shore up confidence after failure of Silicon Valley Bank and New York-based Signature Bank threatened to trigger a systemic crisis.
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