Circle — the embattled operator of stablecoin USDC — claims to have "cleared substantially all of the backlog of minting and redemption requests for USDC."

The statement comes via an update on USDC operations, and claims that "since Monday morning, Circle has redeemed $3.8 billion USDC and minted $0.8 billion USDC."

The update follows Circle CEO Jeremy Allaire's recent sentiment that the crypto ecosystem needs to be protected from the banking system — not the other way around. "Everybody's talking about how we need to save the banks from crypto and right now we're trying to save crypto from the banks," Allaire said in a recent interview with the hosts of the Bankless podcast.

After finding itself largely bankless in the U.S. after the high-profile collapses of Silvergate, Silicon Valley Bank and Signature Bank, Circle says it went live with a new transaction banking partner for both domestic wires and international wires. "We expect to bring more capabilities back online tomorrow," the team says.

© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。