Insolvency fears led many to turn to other stablecoins, sell USDC at a major discount

Insolvency fears led many to turn to other stablecoins, sell USDC at a major discount

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holders have fled to other stablecoins since March 10 amid fears surrounding its solvency following the disclosure that a portion of USDC’s collateral is held at Silicon Valley Bank. However, not all of them had success during panic selling. One user paid over 2 million USDC to receive $0.05 of…

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