• USDC Stable Coin depegs from Dollar

    From Paul Popinjay@21:1/5 to All on Sat Mar 11 05:48:20 2023
    Crypto exchange Coinbase said Friday it is temporarily suspending the conversion between stablecoin USDC and USD over the weekend, after the stablecoin’s creator Circle said about $3.3 billion, or more than 8% of over $40 billion USDC reserves, are
    held at Silicon Valley Bank, which collapsed on Friday.

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