9 / 12 Relevant items tagged with #USDC

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MakerDAO Maintains Trust In USDC Despite Depeg Debacle

[Mar 25, 2023 10:15 PM] MakerDAO, the governance community of the popular DeFi lending platform Maker, has decided to keep using USD coin (USDC) as the primary reserve asset for the DAI stablecoin.  Although USDC experienced a temporary depeg earlier this month, an…

This Crisis Will Define the Future of Money

[Mar 17, 2023 12:11 PM] The recent collapse of three high-profile banks - Silicon Valley Bank, Silvergate Bank and Signature Bank - has caused worrying outflows at hundreds of regional banks. Now, with the U.S. Federal Reserve creating a new backstop facility reportedly…

The US Fed adds $297 Billion In A Week, Fanning Bitcoin Rally

[Mar 17, 2023 3:35 AM] The total amount of assets held by United States Federal Reserve (Fed) banks is up 3.56% in the past week, rising to $8.639 trillion from $8.342 trillion, trackers on March 17 show. Fed Injected $297 Billion Into The Market Last Week With the Fed…