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USDC, crypto rallies on news that SVB, Signature Bank deposits are safe
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USDC, crypto rallies on news that SVB, Signature Bank deposits are safe
USDC nearly regained its peg and cryptocurrencies rallied on the news that all Silicon Valley Bank and Signature Bank deposits will be fully returned to customers. The stablecoin was trading at $0.99 as of 7:37 pm ET on Sunday after losing its peg on Friday after its issuer Circle announced that it had $3.3 billion of USDC reserves stuck at SVB. Circle Chief executive Jeremy Allaire said on Twitter that "100% of deposits from SVB are secure and …
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Total News Sources3
Leaning Left0Leaning Right0Center1Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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