USDC Stablecoin Breaks Dollar Peg Following Silicon Valley Bank Collapse
The abrupt collapse of Silicon Valley Bank has hurt the value of the world's fifth-largest cryptocurrency, raising fears of a ...
Tag: Stablecoin
Circle Issues Update Amid Stablecoin Volatility; Firm is prepared to ‘support USDC and cover any shortfalls’ – Bitcoin News
On Saturday, March 11, 2023, Circle Financial updated the public on its stablecoin, USDC, noting that stablecoin liquidity operations will ...
Makerdao Issues Emergency Proposal To Address $3.1B USDC Collateral After Stablecoin Unlinking Incident Bitcoin News
On March 11, 2023, the Makerdao decentralized finance project issued an emergency proposal following the USDC decoupling incident that caused ...
USDC Stablecoin Decoupling Causes Concern Among Crypto Advocates, 5 Other Stablecoins Drop Below Parity – Bitcoin News
As of Saturday, March 11, 2023, cryptocurrency advocates are concerned that some stablecoin assets have delinked from their $1 peg. ...
USDC stablecoin breaks dollar peg after disclosing $3.3bn exposure to Silicon Valley Bank By Reuters
© Reuters. FILE PHOTO: The SVB (Silicon Valley Bank) logo is seen through broken glass in this illustration taken March ...
BitMEX Co-Founder Arthur Hayes Proposes a Bitcoin-Based Stablecoin
While stablecoins are increasingly scrutinized by regulators in the United States, the community continues to come up with new ideas ...
Frax’s switch to a fully-backed stablecoin signals the end of DeFi’s algorithmic experiment
The Frax community recently approved a proposal to make its FEI stablecoin fully backed by USD equivalents, instead of maintaining ...
Stablecoin inflow to Ethereum L2 surges 5% to over $2 billion
Advertisement Stablecoin inflow into Ethereum (ETH) layer 2 (L2) networks increased 5% in the past seven days to over $2 ...
Babel Finance Puts Hope In A New Stablecoin Project To Solve Financial Problems: Report
Babel Finance co-founder Yang Zhou is banking on a new stablecoin to pull the troubled cryptocurrency lender out of the ...
Forget Bitcoin, Coinbase CEO Advocates for a US-Backed Stablecoin (Op-Ed)
In a post-FTX world, it's really hard to be a crypto exec. Not only are your suitcases empty and your ...
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