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tron
TRON (TRX) $ 0.103278
bitcoin
Bitcoin (BTC) $ 37,995.18
ethereum
Ethereum (ETH) $ 2,053.98
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 230.20
usd-coin
USDC (USDC) $ 0.999743
xrp
XRP (XRP) $ 0.612212
binance-usd
BUSD (BUSD) $ 0.999555
dogecoin
Dogecoin (DOGE) $ 0.080866
cardano
Cardano (ADA) $ 0.38658
solana
Solana (SOL) $ 58.28
matic-network
Polygon (MATIC) $ 0.753267
polkadot
Polkadot (DOT) $ 5.29
tron
TRON (TRX) $ 0.103278
More

    USDC depegs as Circle confirms $3.3B caught with Silicon Valley Financial institution

    Latest News

    Virtually instantly after (USDC) issuer Circle revealed it was not in a position to withdraw $3.3 billion of its $40 billion from Silicon Valley Financial institution (SVB), the resultant sell-off triggered the value of the stablecoin to fall under its $1 mark.

    On March 9, Circle had initiated a wire switch for the removing of its funds from SVB because the Federal Deposit Insurance coverage Company-insured financial institution was about to close operations. Nevertheless, two days later, on March 11, Circle confirmed that the wire transfers weren’t utterly processed and that $3.3 billion of the USDC reserves was nonetheless with SVB.

    USDC depegs from the US greenback. Supply: CoinMarketCap

    Proceed Studying on Coin Telegraph

    See also  Crypto Dealer Prints 7 Figures With XRP Arbitrage On Bybit

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