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Published 1 year ago

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

Summary by Ground News
USDC stablecoin is depegging and falling to as low as $0.89, way off its $1 peg. The failure of SVB is hurting the reserve position of USDC, which is issued by Circle. USDC has a quarter of its reserves in cash held at 7 banking partners, including SVB.

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Bitcoin.comBitcoin.com

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.

1 year ago
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Cryptonews.comCryptonews.com

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?

1 year ago
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https://coin-miners.infohttps://coin-miners.info

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...

1 year ago
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DropTownDropTown

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 […]

1 year ago
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