Coinbase offered $3B backstop to Circle in bid to stabilize USDC
Published
Details keep emerging about the chaotic weekend that followed the collapse of Silicon Valley Bank—including a plan by Coinbase to ride to the rescue of Circle after the USDC stablecoin broke its peg with the dollar following news that $3.3 billion of Circle’s deposits were stranded at the failed…
#siliconvalleybank #coinbase #circle #usdc #fdic #fortune #siliconvalleybanks #edge #bitcoin #bleepingcomputer