Bifo on Nostr: 👀 The USDC stablecoin has lost its peg to the US dollar and is trading at $0.92 at ...
👀 The USDC stablecoin has lost its peg to the US dollar and is trading at $0.92 at the time of writing, after issuer Circle announced it was holding $3.3 billion in reserves at bankrupt Silicon Valley Bank.
The California regulator closed the SVB due to "lack of liquidity and insolvency" and transferred it to the FDIC.
Published at
2023-03-11 06:51:20Event JSON
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"content": "👀 The USDC stablecoin has lost its peg to the US dollar and is trading at $0.92 at the time of writing, after issuer Circle announced it was holding $3.3 billion in reserves at bankrupt Silicon Valley Bank.\n\n The California regulator closed the SVB due to \"lack of liquidity and insolvency\" and transferred it to the FDIC.",
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