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Circle's Stablecoin USDC Affected by Collapsed Bank

Blockchain 

Cryptocoins News / Blockchain  94 Views


Circle's USDC stablecoin briefly de-pegged after news that $3.3 billion of its cash reserves were stuck with collapsed bank Silicon Valley Bank. USDC's dollar peg has since recovered, but mass redemptions have led to a drop in the stablecoin's market cap by nearly 10% since March 11. (Read More)
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