USDC stablecoin issuer Circle said that since the collapse of Signature Bank and Silvergate Bank, the team has been working around the clock to restore USDC’s liquidity operations, including introducing new transaction banking partners. Including adding new transaction banking partners with 24/7/365 capabilities, Circle redeemed $2.9 billion USDC and minted $7 billion USDC on March 13, local time. "

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