# Circle: Unwinding some services with Silvergate

By [DHGWS](https://paragraph.com/@dhgws) · 2023-03-03

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Circle, the USDC issuer of the U.S. dollar stablecoin, posted on social media that Circle has kept in touch with a number of banking partners, and is currently paying close attention to the market’s concerns about Silvergate, and is releasing some of its services with Silvergate. Circle said that it will notify customers of relevant progress in a timely manner. Currently, all Circle services including USDC are operating normally. Circle has multiple reserve and settlement bank partners who are responsible for managing USDC cash reserves and providing strong liquidity management.

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*Originally published on [DHGWS](https://paragraph.com/@dhgws/circle-unwinding-some-services-with-silvergate)*