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bitcoin
Bitcoin (BTC) $ 64,965.41
ethereum
Ethereum (ETH) $ 3,567.75
tether
Tether (USDT) $ 0.999952
bnb
BNB (BNB) $ 600.15
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 0.494731
binance-usd
BUSD (BUSD) $ 0.976214
dogecoin
Dogecoin (DOGE) $ 0.123051
cardano
Cardano (ADA) $ 0.385124
solana
Solana (SOL) $ 135.44
matic-network
Polygon (MATIC) $ 0.57968
polkadot
Polkadot (DOT) $ 5.83
tron
TRON (TRX) $ 0.116051
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    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

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