Circle’s USDC Regains $1 Peg After Tumultuous Weekend
Circle’s stablecoin plunged from $1 to $0.87 over the last couple of days due to concerns about the firm’s exposure to Silicon Valley Bank.
Circle Boasts New Banking Partner To Calm Markets After USDC Depeg
Cross River Bank is taking over as Circle’s commercial banking partner
314M USDC sent to null address as redemptions begin: Report
The token is on the verge of restoring to its 1:1 peg with the U.S. dollar after falling to a historic low of $0.87 per token two days prior.
SVB Customers to Be Made Whole and USDC Back at $1 — But Long-Term Crypto Impact Unclear
Silvergate, SVB and Signature all played a role in the crypto ecosystem — helping to speed up payments between businesses, and unlocking faster transfers for everyday investors.
ANALYSIS: USDC Dodges a Bullet, But Crypto Industry Now Has New Problems
The financial turmoil that killed Silvergate Bank, Silicon Valley Bank and Signature Bank will cast a long shadow on crypto’s development.
USDC Feeling Intense Pressure Despite Fed Action To Halt SVB Contagion
USDC and other cryptocurrencies were having a rough trading session Monday following an announcement from U.S. authorities outlining measures to minimize the impact of the collapse of Silicon Valley Bank.…
Circle says USDC operations unaffected by SVB, Signature closures
The closure of Silicon Valley Bank and Signature Bank won’t affect Circle’s USDC operations.
Smart Money Staying Put as USDC Remains Off-Peg
Data from Nansen shows that the total amount held by smart money wallets, and active addresses, are at multi-month lows.
Decoding USDC’s current status after an initial fall of 13%
Circle’s stablecoin USD Coin (USDC) was regaining its $1 peg, at press time. This followed after CEO Jeremy Allaire confirmed that its reserves were secure and that the company had…
Costly Mistake: Here’s How a USDC Investor Lost 2 Million in a Race Against Time
The collapse of Silicon Valley Bank (SVB) on March 10 has caused ripples in the crypto industry, leaving many investors anxious about the exposure of major players like Circle, the…
