Crypto firm Circle says $3.3 billion USDC reserves to be fully available on Monday

Circle said it did not have any Stablecoin USD Coin (USDC) cash reserves at Signature Bank and that the token remained redeemable at 1:1 US dollar peg.

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Opinion: SVB collapse shows the fickleness of crypto money

Yale School of Management finance professor Gary Gorton and Federal Reserve attorney Jeffery Zhang have highlighted this regulatory vacuum, and how it prevents stablecoins from becoming what they refer to as “no-questions-asked” money.

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SVB meltdown: Indian govt to meet affected startups, EV makers questioned about mispricing products

Indian startups have been adversely affected by these developments, with a particular impact on those in the software-as-a-service (SaaS) industry.

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EV companies meet officials to explain FAME-II mispricing allegations

Govt may pull the plug on EV subsidy scheme even as industry seeks an extension.

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Silicon Valley Bank collapse: More than 400 VC funds issue statement supporting SVB

The VC firms that co-signed the statement include Accel, Y Combinator, Sequoia Capital, General Catalyst and Matrix Partners, among others.

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Y Combinator sends petition to US government; seeks relief, attention over SVB crisis

The petition, written by Y Combinator president Garry Tan, has been signed by over 3,500 CEOs and founders. The signatories also include almost two dozen startups with a base in India.

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Silicon Valley Bank collapse: top developments so far

Silicon Valley Bank (SVB) — a prominent tech-focused bank managing funds of close to about 40% of US startups — was shut down by a California regulator triggering panic within the startup ecosystem.

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