News Crypto exchanges are showing cautionary signs after Circle disclosed how much of its USDC stablecoin is backed by reserves held by Silicon Valley Bank. Due to the closure of Silicon Valley Bank (SVB) on March 10, Circle, the company behind the USDC stablecoin, is under a lot of pressure. Recently, Circle revealed that SVB held […] The post...
Mar 11 2023
Exchanges suspend USDC conversions as dollar peg fumbles
| published by | Mercy Adeola |
|---|---|
| in blog | Coinscreed |
| original entry | Exchanges suspend USDC conversions as dollar peg fumbles |
circle crypto exchange news crypto exchanges usdc
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