On March 11th, Silicon Valley Bank (SVB), the bank that held $3.3 billion of USDC reserves, was shut down by the California Department of Financial Protection. This led to a drop in the price of the stablecoin below its $1 peg, with it trading as low as $0.87.
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BTC/USD$ 96,771.93 1.02%
ETH/USD$ 3,589.75 1.03%
USDT/USD$ 1.00 0.02%
SOL/USD$ 240.84 0.69%
BNB/USD$ 662.45 1.57%
XRP/USD$ 1.57 6.96%
DOGE/USD$ 0.407235 1.98%
USDC/USD$ 1.00 0.16%
ADA/USD$ 1.05 4.09%
STETH/USD$ 3,587.15 1.18%
AVAX/USD$ 43.53 0.27%
TRX/USD$ 0.20321 1.15%
TON/USD$ 6.40 0.34%
WSTETH/USD$ 4,260.47 1.07%
SHIB/USD$ 0.000026 0.28%
XLM/USD$ 0.495696 2.80%
WBTC/USD$ 96,572.87 0.95%
DOT/USD$ 8.63 4.41%
LINK/USD$ 17.99 1.00%
BCH/USD$ 514.35 0.63%
WETH/USD$ 3,589.02 1.09%
SUI/USD$ 3.46 1.63%
PEPE/USD$ 0.00002 0.15%
NEAR/USD$ 6.88 3.08%
LEO/USD$ 8.59 1.07%
UNI/USD$ 12.68 1.18%
LTC/USD$ 97.24 0.18%
WEETH/USD$ 3,780.09 1.07%
APT/USD$ 12.85 0.04%
HBAR/USD$ 0.148124 6.14%
ICP/USD$ 11.61 2.54%
USDS/USD$ 1.00 0.15%
CRO/USD$ 0.182745 3.53%
ETC/USD$ 31.84 0.79%
POL/USD$ 0.572143 2.01%
TAO/USD$ 594.30 5.92%
RENDER/USD$ 8.46 3.43%
FET/USD$ 1.60 8.57%
USDE/USD$ 1.00 0.04%
KAS/USD$ 0.151654 0.36%
ARB/USD$ 0.910991 2.32%
TIA/USD$ 8.18 0.75%
DAI/USD$ 1.00 0.23%
FIL/USD$ 5.80 1.17%
STX/USD$ 2.29 2.47%
VET/USD$ 0.042275 0.41%
WBT/USD$ 23.46 0.93%
BONK/USD$ 0.000045 0.38%
OM/USD$ 3.63 4.35%
ATOM/USD$ 8.30 1.85%