Shark Tank's Mark Cuban had one "big question" in March, as news of the contagion following the collapse of Signature Bank and Silicon Valley Bank spread.

What Happened: In a Twitter post, Cuban asked, “Now that the FDIC has protected depositors at Signature and SVB, the big question? Will their website and online systems be able to handle the crush of traffic tomorrow?” The Federal Deposit Insurance Corp, or FDIC, is the U.S. regulator that took control of Silicon Valley Bank after its collapse.

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Depositors at Silicon Valley Bank had been assured by federal banking and finance regulators that all their funds will be available to them.

Circle Internet Financial, the issuer of Stablecoin USD Coin, had said the full $3.3 billion in reserve deposits held at SVB would be recovered when the banks reopened.

This accounts for 8% of the total USDC reserves, according to the statement. Additionally, the company had noted it had no cash reserves held at Signature Bank, which had been taken over by the FDIC.

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This story was originally published on March 13, 2023