Did Circle Get A $3 Billion Credit Line From Coinbase To Get USDC Back To $1?

Crypto News: As more information about the tragic weekend of the USDC depeg continues to surface, the newest development in the wake of the failure of Silicon Valley Bank is the introduction of a credit line with a value in the multi-billion dollar range. It has been reported that Coinbase made a massive offer of $3 billion to Circle, the crypto company that issues the second-largest stablecoin in the world, USD Coin (USDC), in a bid to bring it back to its $1 peg.