#Circle and #SequoiaCapital among #SVB 's top 5 depositors.
The document showed that stablecoin issuer Circle was the largest depositor at Silicon Valley Bank. The crypto company had a balance of $3.3 billion at the bank, accounting for about 8.2% of its $USDC reserves.
On the other hand, Sequoia Capital, a prominent venture capital firm that invested in several #crypto companies, had $1 billion of its funds in the embattled bank.
