Black swan strikes USDC stablecoin following Silicon Valley Bank collapse
(NaturalNews) (Natural News) After it was announced that Silicon Valley Bank (SVB) had collapsed, the cryptocurrency world's second-largest "stablecoin," USDC, plunged in value before later rebounding closer towards its intended $1 peg.Circle Internet Financial Ltd., which runs USDC and banked at SVB, has promised to cover any shortfall in the $3.3 … [Read More...] |