USD Coin

    USDC stablecoin breaks dollar peg following Silicon Valley Bank collapse

    USDC stablecoin breaks dollar peg following Silicon Valley Bank collapse

    The abrupt collapse of Silicon Valley Bank has affected the value of the world’s fifth-largest cryptocurrency, increasing fears of a possible ripple effect among Web3 companies. On Saturday morning, USD Coin fell to a record low of $0.87 after Circle, the company that manages the stablecoin…
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