On: An Update on USDC and Silicon Valley Bank

[latchkey]

> Right now, Circle isn't willing to buy USDC for $1 USD

https://www.circle.com/blog/an-update-on-usdc-and-silicon-va...

[SparkyMcUnicorn → latchkey]

Where does it say that? All I see is the exact opposite being said.

[tylerhou → SparkyMcUnicorn]

> As a regulated payment token, USDC will remain redeemable 1 for 1 with the U.S. Dollar.

[latchkey → SparkyMcUnicorn]

> "In such a case, Circle, as required by law under stored-value money transmission regulation, will stand behind USDC and cover any shortfall using corporate resources, involving external capital if necessary."