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

over two billion usdc stablecoin burnt in single day data shows
over two billion usdc stablecoin burnt in single day data shows 1

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.

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