Tag: USDC

According to Circle CEO Jeremy Allaire, the regulatory burden and regulators’ efforts to debunk the crypto market are causing the USDC market value to continue falling.

Allaire blames the shrunken value of USDC on regulatory challenges in the United States and concerns about its banking system.

The stablecoin sector was impacted severely after the Silicon Valley Bank (SVB) Saga. Circle, the issuer of the USDC stablecoin was impacted the most as some of their holdings were…

Circle USDC circulation has dropped significantly over the past week despite the passing of banking events.

The stablecoin offers greater transparency than competitors like Tether, but, unfortunately, that proved of little value as it was de-pegged during the recent banking crisis, says JP Koning.

Circle experienced robust outflows in the last two weeks of March, which initially triggered a depeg. It eventually regained its dollar peg and has since then remained stable until press…