March 15, 2023 | Update on USDC operations
Blog post from Circle
Circle Internet Financial has made significant progress in resolving the backlog of USDC minting and redemption requests, having redeemed $3.8 billion USDC and minted $0.8 billion since the previous week, following disruptions in liquidity operations. The company has established new partnerships with transaction banking partners to facilitate domestic and international wire transfers, enhancing its capabilities for USDC transactions across 19 countries. Circle continues to work on expanding its network of banking partners and has expressed gratitude to its teams and customers for their patience and professionalism during these challenging times. The company's ongoing efforts aim to increase the accessibility, inclusivity, and efficiency of financial transactions, contributing to global economic opportunity and prosperity.
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