USDC, the second largest stablecoin, has lost its peg and is currently trading at 90.6 cents to the dollar. It follows the revelation by issuer Circle that $3.3 billion of USDC’s reserve assets were held at Silicon Valley Bank (SVB). On Friday, the California regulator put the bank under the control of the Federal Deposit Insurance Corporation (FDIC) […]
The post USDC stablecoin loses peg. $3.3bn stuck in failed SVB bank appeared first on Ledger Insights - blockchain for enterprise.
* This article was originally published here
USDC stablecoin loses peg. $3.3bn stuck in failed SVB bank
![USDC stablecoin loses peg. $3.3bn stuck in failed SVB bank]()
Reviewed by Transaction Banker
on
March 12, 2023
Rating: