The turmoil induced by the fall of Silicon Valley Bank has led to USDC losing its dollar peg. The stablecoin fell as low as $0.87 earlier today as holders flocked to other crypto assets.
published by | Aditya Anand |
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in blog | Ethereum World News |
original entry | Silicon Valley Bank’s Collapse Depegs USDC, Stablecoin Falls Below 90 Cents |
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The turmoil induced by the fall of Silicon Valley Bank has led to USDC losing its dollar peg. The stablecoin fell as low as $0.87 earlier today as holders flocked to other crypto assets.