Breaking: Circle Accessed USDC Reserves In SVB Account, CEO Confirms
Circle USDC News: In the wake of the devastating effect the failure of Silicon Valley Bank and Signature Bank had on the US markets, Circle CEO Jeremy Allaire gave the…
USDC CEXs hits 12 month high following USDC depeg event: Messari
USDC available on centralized exchanges has hit a 12-month high despite the recent calamity surrounding the depeg event.
Crypto: USDC back to parity with USD
USDC is a stablecoin crypto token, whose value in theory should always remain in line with the underlying. Indeed, its underlying asset is USD, which is the US dollar.
Circle USDC operations will resume when U.S. banks open Monday: CEO Allaire
Circle The CEO of USDC, Jeremy Allaire, stated on Twitter that the organization’s reserves are “safe and secure,” and that liquidity activities will continue when U.S. banks open on Monday.
USDC Bounces Back Toward $1 Peg after Fed Announcement
After assurance from CEO Jeremy Allaire that its reserves are secure and the company has new banking partners lined up for “banking open tomorrow morning,” Circle’s stablecoin USD Coin (USDC)…
Crypto Market Rallies on FDIC Banking Intervention, USDC Regains Dollar Peg
All cryptocurrencies’ market capitalization has surpassed $1 trillion once again. The damaged cryptocurrency market turned green after a joint statement from the Federal Reserve, U.S. Treasury, and FDIC stated that…
Circle’s USDC Stablecoin Continues to See Heavy Redemptions Despite Market Recovery
Massive redemptions for Circle’s USDC stablecoin continued on Monday, March 13, after the weekend panic and de-peg in the stablecoin. As per blockchain researcher Nansen, over $1.74 billion of USDC…
Prompt Regulator Action And Stablecoin Issuer Assurances See USDC Repeg
A March 12, 2023, joint statement by the Department of the Treasury, Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) advised that depositors for both the Signature Bank, New…
USDC depegged, but it’s not going to default
USD Coin is going to survive Silicon Valley Bank’s collapse. But it should inspire advocates of cryptocurrency to prepare for future systemic shocks.
USDC’s ‘Black Swan’ Depegging Could Have Been Avoided With Proper Regulatory Framework
Fissures among the progressive left are primarily responsible for the lack of U.S. regulatory progress around stablecoins, says John Rizzo, senior vice president for public affairs at Clyde Group.
