Stablecoin USDC breaks dollar peg after revealing $3.3 billion Silicon Valley Bank exposure

Home » Top Stories » Stablecoin USDC breaks dollar peg after revealing $3.3 billion Silicon Valley Bank exposure

Stablecoin USD Coin (USDC) lost its dollar peg and slumped to an all-time low on Saturday after Circle, the US firm behind the coin, revealed some of the reserves backing it were held at Silicon Valley Bank.

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