# Hello friends

By [BiniBanini](https://paragraph.com/@binibanini) · 2023-03-10

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Circle is not bankrupt, **8.7 billion** was not in SVB, don't short, you fools!

OTHER USDC RESERVE ASSETS AS OF _JANUARY, 31 2023_ Cash held at U.S. regulated financial institutions2 **8,700,672,117** Cash due to/(owed by) the Company due to timing and settlement differences, net 3 (27,121,839)

Cash held at U.S. regulated financial institutions: Bank of New York Mellon, Citizens Trust Bank, Customers Bank, New York Community Bank, a division of Flagstar Bank, N.A., Signature Bank, Silicon Valley Bank and Silvergate Bank.

9 billion spread over 8 banks, the biggest deposit is in BNY Mellon, even if Silicon Valley won't pay anything back to Circle (although according to the auction part of it should be returned anyway), the losses are not more than 1 billion, Circle earns more money per year.

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*Originally published on [BiniBanini](https://paragraph.com/@binibanini/hello-friends)*