Paxos these days holds $250M at Signature Bank and holds personal deposit insurance coverage neatly in way over our money steadiness and FDIC per-account limits. Searching for personal deposit insurance coverage is a part of our conservative solution to managing buyer belongings exceeding FDIC insurance coverage limits.
— Paxos (@PaxosWorld) March 12, 2023
As of shut of industrial Friday March 10 Coinbase had an roughly $240m steadiness in company money at Signature. As mentioned by means of the FDIC, we predict to completely recuperate those budget. https://t.co/XY5L7m4RMs
— Coinbase (@coinbase) March 12, 2023
1/ Following the affirmation on the finish of these days that the wires initiated on Thursday to take away balances weren’t but processed, $3.3 billion of the ~$40 billion of USDC reserves stay at SVB.
— Circle (@circle) March 11, 2023
#tether does not have any publicity to Signature Bank.
— Paolo Ardoino 🍐 (@paoloardoino) March 12, 2023
This Week with George Stephanopoulos, ABC Information incorrectly used our Signature Bank emblem in connection with the problems dealing with Signature Bank New York. There is no association between the 2 organizations and our Signature Bank is more potent than ever and has no cryptocurrency publicity.
— Signature Bank (@SignatureBnkChi) March 12, 2023