How USDC Stablecoin Depegging Could Break Many Crypto Firms But Bitcoin Will be Stronger

How USDC Stablecoin Depegging Could Break Many Crypto Firms But Bitcoin Will be Stronger

USDC stablecoin is depegging at an alarming rate, falling to as low as $0.89, way off its $1 peg. How did this happen and what does the latest crisis mean for crypto?

USDC Stablecoin Depegging Causes Concern Among Crypto Advocates, 5 Other Stablecoins Slip Below Parity – Bitcoin News

The second-largest stablecoin USDC, issued by Circle Financial, fell below $0.90, reaching a low of $0.877 per coin.

How USDC Stablecoin Depegging Could Break Many Crypto Firms But Bitcoin Will be Stronger

USDC stablecoin is depegging – and at an alarming rate – falling to as low as $0.89, way off its $1 peg. Volatility is expected to continue throughout the weeke...

How USDC Stablecoin Depegging Could Break Many Crypto Firms But Bitcoin Will be Stronger

USDC stablecoin is depegging at an alarming rate, falling to as low as $0.89, way off its $1 peg. Volatility is expected to continue throughout the weekend as panic sets in after the Silicon Valley Bank collapse. The failure of SVB is hurting the reserve position of USDC, which is issued by Circle.  Members of […]