does the Silicon Valley Bank collapse affect Square liquidity?

[specialtiesgame]

A number of our vendors have sent out emails regarding the Silicon Valley Bank collapse, stating that their funds are not accessible.  Does this issue affect Square liquidity, and can someone from management reassure those of us who trust Square to safeguard their funds?

[TheRealChipA]

Deleted by OP.  I decided that any reply would be inadvisable, coming from another seller.  Apologies!

[IdeaManFL]

I have this questions, too.  Can an official from Square speak to this?

[TheRealChipA]

Here’s some news just announced by the Federal Government.  It seems that they are guaranteeing that all SVB customers will have access to their deposits.  So, even the ones who had more than $250,000 on deposit will not lose anything.

https://www.npr.org/2023/03/12/1162975615/the-u-s-takes-emergency-measures-to-protect-all-deposits-a...

[wiseguy]

All of my ACH payments are being blocked so I guess so