Stablecoin Repegged and is Trading at $1
Following its exposure to the Silicon Valley Bank closure, the Circle USDC stablecoin has repegged and is trading at $1. Moreover, Coindesk initially reported the stablecoin’s regain of the dollar peg, following its connection with the bank failure last week. Conversely, the Federal Reserve stated…
#siliconvalleybank #circle #coindesk #federalreserve #svb #watcherguru #svbfinancial #usdc #fdic