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USDC Depeg: Circle's $43 Billion Stablecoin in the Spotlight as Silicon Valley Bank Exposure is Revealed – Here's the Latest
11.3.2023
The USD Coin (USDC) stablecoin has distanced away from its intended $1 peg following the revelation that Circle has exposure to the now-collapsed Silicon Valley Bank.
Circle, the issuer of the world’s second-largest stablecoin USDC, said in a Friday tweet that it has $3.3 billion of its...
Bitcoin price spikes to '$26K' in USDC terms — How high can the BTC short squeeze go?
11.3.2023
Bitcoin recovers from the depegging of USDC, the second-largest stablecoin, from the U.S. dollar
How USDC Stablecoin Depegging Could Break Many Crypto Firms But Bitcoin Will be Stronger
11.3.2023
USDC stablecoin is depegging at an alarming rate, falling to as low as $0.89, way off its $1 peg.
Volatility is expected to continue throughout the weekend as panic sets in after the Silicon Valley Bank collapse.
The failure of SVB is hurting the reserve position of USDC, which is issued...
Circle’s USDC instability causes domino effect on DAI, USDD stablecoins
11.3.2023
Following USDC’s depegging, three stablecoins — DAI, USDD and FRAX — also depegged from the dollar
DAI Depegs as Stablecoin Rout Plagues Crypto
11.3.2023
MakerDAO’s decentralized stablecoin hits an all-time low of 0.88 cents
USDC Stablecoin and Crypto Market Go Haywire After Silicon Valley Bank Collapses
11.3.2023
USDC's normally stable price sank to $0.89 from $1 while Ethereum gas fees soared hours after the crypto-tied bank failed
USDC depegs as Circle confirms $3.3B stuck with Silicon Valley Bank
11.3.2023
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
Coinbase Pauses Conversions Between USDC and U.S. Dollars as Banking Crisis Roils Crypto
11.3.2023
Circle's USDC stablecoin was hit by the shutdown of Silicon Valley Bank, one of its key banking partners
Circle Confirms $3.3B of USDC's Cash Reserves Stuck at Failed Silicon Valley Bank
11.3.2023
Silicon Valley Bank, one of the reserve banking partner for Circle's USDC stablecoin, was shut down by regulators on Friday
Circle’s USDC Endured $1B of Net Redemptions Since Silicon Valley Bank's Shutdown
11.3.2023
Stablecoin issuer Circle held an undisclosed amount of USDC’s cash reserves at failed Silicon Valley Bank
USDC Stablecoin Depegs From $1; Circle Says Operations Are Normal
11.3.2023
USDC dropped to $0.973, its lowest level since the collapse of FTX
DeFi Protocol Curve’s $500M Stablecoin Pool Hammered as Traders Flee USDC
10.3.2023
Curve's 3pool is supposed to have equal parts USDC, DAI and USDT. The trio are becoming imbalanced amid fallout from Silicon Valley Bank's collapse
Circle's exposure to U.S. banks could top $9B
10.3.2023
Circle's reserves are held in a number of banks in the United States, including Silvergate, Silicon Valley Bank, and Bank of New York (BNY) Mellon
Ethereum Shanghai upgrade could benefit liquid staking providers and cement ETH’s layer-1 dominance
10.3.2023
Ethereum’s Shanghai upgrade is set to unlock a trove of staked Ether and possibly benefit other staking protocols that offer lucrative yields
Scrutiny Falls on $43B USDC Stablecoin’s Cash Reserves at Failed Silicon Valley Bank
10.3.2023
Circle’s USDC, the second largest stablecoin with $43 billion market capitalization, held an undisclosed part of its $9.8 billion cash reserves at failed Silicon Valley Bank
DeFi Stablecoin Exchange mStable Expects 4 Buyout Bids: Source
10.3.2023
Troubled DeFi stablecoin exchange mStable has been searching for a buyer after its founder announced he would leave at the end of March
Voyager Continues Liquidating Crypto Assets for Circle’s USDC Stablecoin
9.3.2023
Amid its ongoing bankruptcy case, Voyager has liquidated more than $80 million since March 8, according to on-chain data sourced from Arkham Intelligence
MakerDAO Founder Calls for Rebranding of DAI Stablecoin
9.3.2023
Rune Christensen said DAI suffers from bad branding that could be slowing its growth on a call with community members
Crypto Billionaire Arthur Hayes Proposes Bitcoin-Based USD Stablecoin – How Would it Work?
9.3.2023
Crypto billionaire Arthur Hayes has put forward the idea of a Bitcoin-based stablecoin whose value is pegged to the sum of $1 worth of Bitcoin and one inverse perpetual swap of BTC against USD. ...
Read More: Crypto Billionaire Arthur Hayes Proposes Bitcoin-Based USD Stablecoin – How Would it Work?
Aave Advances Plan to Nix Borrowing, Lending of Binance’s BUSD Stablecoin
9.3.2023
Crypto borrowing and lending platform Aave is moving closer to offboarding Binance's troubled stablecoin BUSD