Sorare is not exposed to the SVB and USDC

Many of you may have seen the headlines over the weekend about the closure of Silicon Valley Bank and the potential impact on a USD-backed stablecoin. Sorare has issued the following statement on the matter:

- Sorare has no involvement in SRP or USDC.

- Sorare only holds assets in dollars, euros and ETH.

- Sorare works only with the largest banks in the US and Europe.

- Sorare will only ever innovate in areas that we can control and that make us unique, namely sports betting.

Our sympathies go out to all companies and depositors who may have been affected. We will do our best to help all those affected!