Over Two Billion USDC Stablecoin Burnt in Single Day, Data Shows

Consensus 2023 Nav Bar

The dollar-pegged stablecoin has failed to win back investors following last week’s depegging. Circle Internet Financial’s USDC stablecoin massively depegged from its intended $1 price on Friday night after Silicon Valley Bank (SVB), where Circle parked over $3.3 billion in treasury assets, was shut by regulators.

Source link

Be the first to comment

Leave a Reply

Your email address will not be published.


*