Circle co-founder and CEO Jeremy Allaire tweeted that Circle has no substantial contact with FTX and Alameda. FTX has been a customer of Circle Payment APIs for the past 18 months. (Circle) provides bank card and ACH services for customer transactions. Among them, Circle's encrypted payment products have been using BTC/ETH liquidity from FTX and other exchanges. Additionally "Alameda has been a Circle customer for many years, using Circle's USDC service to create and redeem USDC, and they have the exact same product and the same terms of use as all of our institutional customers. Circle has never loaned to FTX or Alameda, and since FTT was not received as collateral, and has never held or traded FTT, and under no circumstances will Circle trade on its own. Circle is a minority shareholder in FTX, FTX is a minority shareholder in Circle, but Circle is also a member of Kraken, Coinbase and Minority shareholder of Binance US.”