Euro Coin (EUROC) is a euro-linked stablecoin. Fully secured with euros stored in the accounts of traditional financial institutions.

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Circle

RT @ddisparte: @circle is currently protecting #USDC from a black swan failure in the U.S. banking system. @SVB_Financial is a critical ban…

@circle is currently protecting #USDC from a black swan failure in the U.S. banking system. @SVB_Financial is a critical bank in the U.S. economy and its failure - without a Federal rescue plan - will have broader implications for business, banking and entrepreneurs. https://t.co/CYi6Z26ngH

Silicon Valley Bank is one of six banking partners Circle uses for managing the ~25%  portion of USDC reserves held in cash.  While we await clarity on how the FDIC receivership of SVB will impact its depositors, Circle &amp; USDC continue to operate normally.
https://t.co/NU82jnajjY

RT @ddisparte: @circle is currently protecting #USDC from a black swan failure in the U. banking system.