USDC Stablecoin Depegs From $1; Circle Says Operations Are Normal

Stablecoin Issuer Circle Reveals $3.3 Billion SVB Exposure

The second-largest stablecoin in crypto fell from its intended $1 peg on Saturday, trading as low as 81.5 cents, hurt by the exposure of issuer Circle Internet Financial Ltd. to the collapsed Silicon Valley Bank.

USDC Stablecoin Depegs From $1; Circle Says Operations Are Normal

USDC/USDT dropped as low as $0.94 on Kraken, its lowest level since April 2021.

Circle stablecoin USDC depegs to under $0.90

USD Coin (USDC/USD) has fallen below $0.90, sharply depegging after Circle confirmed exposure to Silicon Valley Bank.   The cryptocurrency news this Saturday also sees major cryptocurrencies, including Bitcoin and Ethereum struggle with selloff pressure near $20,000 and $1,400 respectively. USDC falls under $0.90 Simply, the stablecoin is falling because Silicon Valley Bank, one of […]

USDC Stablecoin Depegs From $1; Circle Says Operations Are Normal

USDC dropped to $0.973, its lowest level since the collapse of FTX.

USDC Stablecoin Depegs From $1; Circle Says Operations Are Normal

USDC dropped to $0.973, its lowest level since the collapse of FTX.