Circle, the issuer of the USDC stablecoin is facing massive heat from the shutdown of the Silicon Valley Bank (SVB) on Friday, March 10. Circle has recently confirmed that it has $3.3 billion, of its total $40 billion in USDC reserves, with SVB.
USDC's Dollar Peg Fumbles, Coinbase Pauses USDC:USD Conversions
coingape.com
11 March 2023 01:34, UTC