USDC re-peg nearly done as Circle gets its $3.3B from SVB

USDC re-peg nearly done as Circle gets its $3.3B from SVB

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USDC has re-pegged to $0.99 after crashing to lows of $0.88 last week. Circle, the company that issues the stablecoin, has announced the $3.3 billion risk on USDC reserves has been removed. The firm also noted it had no USDC reserves exposure with Signature Bank. The USD Coin (USDC) stablecoin is…

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