FDIC-insured Citizens Trust Bank to hold $65M in USDC reserves

by Aurelia Butler 25 February 2023, 20:00 189 Views

On Feb. 24, Circle announced the Atlanta-based Citizens Trust Bank would hold $65 million in USDC reserves as part of a broader collaboration between the two companies. The bank’s USDC reserves will provide small businesses with access to capital and be used for other financial inclusion initiatives. Citizens Trust president and CEO Cynthia N. Day said holding USDC would also improve the bank’s balance sheet.

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FDIC-insured Citizens Trust Bank to hold $65M in USDC reserves

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