Tag: USDC

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NFT

Why the USDC depeg is not a reason to panic

Ad The following is a guest post by Anndy Lian.The crypto industry is currently experiencing anxiety due to concerns about the potential detachment...
XDai Chain

Stablecoins rally as Circle announces it will cover all USDC deposits 1:1

Quick Take On Saturday, March 11, Circle CEO Jeremy Allaire announced that Circle pledges to cover any shortfall in the assets backing USDC if...
Blockchain

Circle’s USDC Reserve Exposure and Potential Risks

Circle is one of the largest issuers of stablecoins, with USDC being the second-largest stablecoin in circulation. As of January 31, 2022, the...
XDai Chain

Makerdao Issues Emergency Proposal to Address $3.1B in USDC Collateral After Stablecoin Depegging Incident – Bitcoin News

On March 11, 2023, the decentralized finance project Makerdao issued an emergency proposal following the USDC depegging incident that saw the stablecoin dip...
Web 3.0

Nine out of top 10 stablecoins trading below peg as USDC contagion spreads – Tether sole survivor

Ad Nine of the top 10 stablecoins by market cap are trading below their dollar peg as the market reels from the contagion...
Altcoin News

$6,300,000,000 Erased From USDC Market Cap As Top Stablecoin Depegs From US Dollar

USD Coin (USDC) is struggling to maintain its peg to the US dollar after revelations that some of the cash backing the top...
XDai Chain

USDC Stablecoin Depegging Causes Concern Among Crypto Advocates, 5 Other Stablecoins Slip Below Parity – Bitcoin News

On Saturday, March 11, 2023, crypto advocates are concerned as a few stablecoin assets have depegged from their $1 parity. The second-largest stablecoin...
XDai Chain

DeFi Platform Maker DAO Takes Swift Action to Address $3.1B USDC Risk with Emergency Proposal

The crypto market has again met with another stablecoin collapse after UST as investors are rushing to withdraw their funds. Circle, the issuer...
Avalanche Network

USDC depeg – Everything we know so far as contagion spreads from TradFi banking

Ad What we know so far about the SVB collapse and USDC/DAI depeg (updated):Crypto firm Circle reveals $3.3 billion stuck in SVBDAI/USDC depeg...
Bitcoin

USDC Issuer Circle Reveals It Couldn’t Withdraw $3.3 Billion From Silicon Valley Bank

Stablecoin issuer Circle disclosed late Friday that around $3.3 billion of its $40 billion USDC reserves remained at Silicon Valley Bank. This comes...
Avalanche Network

BTC’s Rollercoaster Around $20K Continues as USDC Drops to $0.9: Weekend Watch

Bitcoin’s woes keep on coming as the asset plummeted to a new two-month low at $19,500 yesterday before bouncing off by over a...
Metaverse

USDC Tumbles to $0.93 as Circle Reveals $3.3 Billion Held at SVB, Tether and Binance Not Exposed

Following the second-largest bank collapse in American history on Friday, market participants are worried about which firms might be caught up in the...
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