Cointime

Download App
iOS & Android

Circle Joins Crypto.com, Coinbase in Cutting Ties with Embattled Crypto Bank Silvergate

USDC stablecoin issuer Circle Internet Financial said on Twitter Friday that it is withdrawing from “certain services that involve” California-based cryptocurrency bank Silvergate Capital Corp., adding itself to the growing list of companies distancing themselves from the financially troubled U.S. bank. Silvergate said in a filing Wednesday that it is not able to meet the March 16 deadline to file its annual 10-K report, which shows the financial performance of a publicly traded company, to the U.S. Securities and Exchange Commission, due to business and regulatory challenges. (forkast)

Comments

All Comments

Recommended for you