Crypto exhales as USDC Stablecoin rebounds toward peg after being roiled by SVB exposure
Crypto’s second-largest stablecoin rebounded toward its intended $1 dollar peg as issuer Circle Internet Financial Ltd. pledged to cover any shortfall in $3.3 billion of reverses held at collapsed Silicon Valley Bank. • None US Discusses Fund to Backstop Deposits If More Banks Fail • None SVB…
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