USDC depegs as Circle confirms $3.3B stuck with Silicon Valley Bank

Permalink Report to webmaster

At the time of writing, USDC lost 3% of its value as it traded at $0.969, and a Circle executive envisions broader implications for business, banking and entrepreneurs without a Federal rescue plan.

Source: Cointelegraph.com News

#USDCoin, #Circle, #Banks, #UnitedStates, #Stablecoin