Coinbase Offered Circle $3.3 Billion to Restore USDC Peg After SVB Collapse, Says Report
Coinbase reportedly agreed to offer Circle a $3.3 billion credit line to shore up USDC liquidity after SVB collapse.
Did Circle Get A $3 Billion Credit Line From Coinbase To Get USDC Back To $1?
Crypto News: As more information about the tragic weekend of the USDC depeg continues to surface, the newest development in the wake of the failure of Silicon Valley Bank is…
Chainalysis: the reaction of crypto to the demise of SVB and the USD Coin depeg
Before the Silicon Valley Bank (SVB) crisis, the stablecoin USD Coin had captured about 70% of the on-chain transaction volume on Ethereum, indicating its popularity among the DeFi and NFT…
Rattled crypto industry could emerge stronger after USDC depeg
Did the depegging reveal stablecoins’ limitations, or was it a learning moment?
USDC in circulation fell over 10% since de-peg event
The stablecoin market has seen significant changes over the past few weeks — including the removal of over 7 billion USDC stablecoins from circulation following the depegging event on March…
USDC depeg will hinder stablecoins’ growth, increase regulatory scrutiny: Moody’s
“Financial institutions may reconsider adopting stablecoins to settle agreements involving tokenized securities out of concern over the coins’ potential volatility,” Moody’s said.
USDC is the main asset transferred to DEXs after SVB’s collapse
Cryptocurrency users flocked to DEXs, loaded with USDC, following the collapse of Silicon Valley Bank (SVB). A similar case is the FTX collapse, which led to a similar exodus from…
USDC Stablecoin Sees Massive $3 Billion Outflows in Three Days – What’s Going On?
The popular stablecoin USD Coin (USDC) has seen outflows of around $3 billion over three days this week, issuer Circle said in a blog post on Thursday.
On-Chain Data Reveals How Trading Firms Worked the USDC Stablecoin Repeg
Trading firms were quick to jump on the USDC long trade over the weekend as the stablecoin slumped to $0.88 amid banking concerns in the U.S.
USDC’s supply has plunged $21 billion from peak as banking turmoil scares crypto investors
Until a week ago, USD Coin was seen as the world’s safest stablecoin. BUSD, one of its chief rivals, was shut down last month by US regulators.
