What Happens to USDC Reserves If Circle Goes Bankrupt?

Bankruptcy

In brief Circle’s move to go public doesn’t impact USDC’s stability rating, according to S&P analysts. Legal uncertainty remains over whether USDC reserves would be protected if Circle goes bankrupt. Proposed GENIUS Act legislation could clarify stablecoin holder protections in bankruptcy scenarios. USDC issuer Circle’s “moon landing moment” of its IPO and subsequently soaring stock…

In debt, tractor operator allegedly ends life with wife after killing two-year-old son in Dharashiv | Chhatrapati Sambhajinagar News

Debt Help

Chhatrapati Sambhajinagar: A tractor operator, believed to be heavily indebted due to online gambling addiction, ended his life along with his wife after poisoning their two-year-old child. The incident took place in Bavi village of Dharashiv district on Sunday night.The deceased tractor operator has been identified as 29-year-old Laxman Jadhav. According to police, Jadhav and…

Woman accused of faking house break-in to repay gambling debts detained in Bhusawal city | Nashik News

Debt Help

Nashik: A 49-year-old housewife from Bhusawal city allegedly orchestrated a false house break-in report to settle her outstanding debts accumulated through online and offline gambling activities.The investigation into the reported house break-in case, filed on June 10, uncovered the deception when the woman was the primary complainant. Police have detained the woman.Inspector Udhdhav Damale, of…