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, providing bank card and ACH services for customer transactions. Circle's crypto payment products have been using BTC/ETH liquidity from FTX and other exchanges.
In addition, "Alameda has been a customer of Circle for many years, using Circle's USDC service to create and redeem USDC, and they have exactly the same products and the same terms of use as all our institutional customers. Circle has never loaned money to FTX or Alameda, never received FTT as collateral, never held or traded FTT, and in any case, Circle will not trade on its own. Circle is a small shareholder in FTX, FTX is a small shareholder in Circle, but Circle is also a small shareholder in Kraken, Coinbase, and Binance US."