A statement came from Circle, the leading stablecoin issuer of the crypto money market, that the FTX collapse did not affect their companies.
Wu Blockchain November 9 on social via the mediamany assets Circle to FTX and that Alameda, Tether, biggest issuer He underlined that there are reports of wu, From Circle and Tether between FTX and Alameda explaining business relationships users of this situation whether it poses a risk demanded clarifications.
Issuer of stablecoin USDC after allegations from the Circle There are explanations about the FTX collapse. Circle CEO Jeremy Allaire, twitter In his statement on his website, he stated that the bond between FTX and Circle is so institutional and level that it will not be affected by the collapse. Stating that Circle does not have any financial exposure to FTX and Alameda, the CEO said that the relationship with FTX is no different from the relationship with its other customers:
Circle has no financial exposure to FTX and Alameda. Alameda is a client who uses Circle’s USDC service to create and use USDC. They have the same product and the same terms of use as all our corporate customers.
Allaire added that Circle has never given credit to FTX and Almeda. Circle has never taken FTT as collateral and has never held a position on FTT, the CEO said.
In line with this statement, Tether (USDT) CTO Making similar statements on Paolo Ardoino Sourced from Tether’s FTX and Alameda not exposed to any risk expressed.