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Circle is questioned as a run risk

June 30, 2022
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Trader @CryptoInsider tweeted that there is a risk of a run on Cricle. According to CryptoInsider, Circle pays its USDC reserve deposit cooperative banks Signature and Silvergate higher interest than cash deposits, which is about 5% per year. This is the reason why Circle continues to lose money. By Q1 of 2022, Circle will lose $500 million, and it is estimated that in 2022 The total will be a loss of $1.5 billion a year.

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