Circle looks to reaffirm commitment to transparency as USDC market share soars
2022.07.07 05:10
Circle looks to reaffirm commitment to transparency as USDC market share soars
The cryptocurrency market has experienced a turbulent period as of late, with several firms filing for bankruptcy or shutting down. Voyager Digital announced its bankruptcy on Wednesday, becoming the second crypto lender to default following Three Arrows Capital.
In the light of present market circumstances, Circle has sought to reaffirm its commitment to openness and user security in a blog post published on Tuesday. Jeremy Fox, the chief financial officer of Circle, said that his firm’s priority is to preserve the financial integrity of the system — robust, trustworthy and safe. He added that other financial institutions offer fraudulent promises of preserving user money, only to abandon them when the going gets tough.
