03-12-2023, 09:24 AM
USDC depegs as Circle confirms $3.3B stuck with Silicon Valley Bank
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDMvODY5MjMzZDUtN2EwMC00OGU0LTkwZGYtNDRkMmJmZDVhMmIwLmpwZw==.jpg"></p><p>At the time of writing, USDC had lost over 10% of its value as it traded at $0.8774, and a Circle executive envisions broader implications for business, banking and entrepreneurs without a Federal rescue plan.</p>
https://cointelegraph.com/news/usdc-depe...alley-bank
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDMvODY5MjMzZDUtN2EwMC00OGU0LTkwZGYtNDRkMmJmZDVhMmIwLmpwZw==.jpg"></p><p>At the time of writing, USDC had lost over 10% of its value as it traded at $0.8774, and a Circle executive envisions broader implications for business, banking and entrepreneurs without a Federal rescue plan.</p>
https://cointelegraph.com/news/usdc-depe...alley-bank