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Decrypt

2022-11-15 23:00:15

Circle Reveals FTX Exposure, Says USDC Conversions on Binance Have Hurt Projections

Circle Reveals FTX Exposure, Says USDC Conversions on Binance Have Hurt Projections

USDC issuer Circle cited FTX's collapse and Binance auto-conversions of USDC to BUSD for "materially lower" projections in an SEC filing.

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