Stablecoin USDC sees US$1.7 billion in redemptions after losing dollar peg, even as crypto market rebounds

Stablecoin USDC sees US$1.7 billion in redemptions after losing dollar peg, even as crypto market rebounds

Upworthy

Published

USDC lost its peg to the dollar last week after Circle revealed that it had US$3.3 billion in Silicon Valley Bank, which collapsed after a bank run. Photo: Shutterstock

#usdc #circle #siliconvalleybank

Full Article