Dante Disparte Profile picture
Jan 2, 2023 3 tweets 3 min read Read on X
Happy New Year! Following an annus horribilis for #Crypto in 2022, now more than ever demonstrable utility value is the order of the day. Sharing my @wef #WEF23 reflections on what the future holds and how @circle is navigating turbulence.

weforum.org/agenda/2023/01…
As the frothy, speculative waters of 2022 recede taking with them the brigands, crypto corsairs and frauds, an enduring, regulated, always-on financial system will remain. My reflections in @diplocourier.

diplomaticourier.com/posts/with-cry…
Going to Davos for #WEF23? Come in from the cold and join @circle's future of money conversations at our lounge.

circle.com/davos#circle-l…

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More from @ddisparte

Mar 11, 2023
@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.
As with Silvergate, our teams have worked at speed to limit any exposure to banks. This includes a wire transfer request made before SVB's FDIC receivership. A $3.3 billion cash exposure remains - but we follow state and Federal regulatory guidance.
The principal balance of #USDC reserves are held in the Circle Reserve Fund - 80% short dated U.S. treasuries - and across other U.S. banks.
Read 4 tweets

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