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Circle to ‘Cover Any Shortfall’ in USDC Reserves, Sparking Stablecoin Rally

The company plans to use corporate resources to fill the gap, including external capital.

Updated May 9, 2023, 4:10 a.m. Published Mar 11, 2023, 8:58 p.m.
Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)
Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)