News Nine of the top 10 stablecoins by market cap are trading below their dollar peg as the market reels from the contagion sparked by the depeg of Circle's USDC stablecoin on March 11, according to CryptoSlate data. USDC lost its peg after Circle announced that roughly $3.3 billion of its cash reserves were held at collapsed Silicon Valley Bank — sparking unprecedented redemptions...
Mar 11 2023
Nine out of top 10 stablecoins trading below peg as USDC contagion spreads – Tether sole survivor
| published by | Assad Jafri |
|---|---|
| in blog | CryptoSlate |
| original entry | Nine out of top 10 stablecoins trading below peg as USDC contagion spreads – Tether sole survivor |
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