Binary trading platforms with better performance and payouts
news
The International Monetary Fund (IMF) had warned the G-20 nations that the widespread proliferation of crypto assets could lead to banks losing deposits and curtailing lending, a report made public on Monday reveals.
Binance tapped into its Industry Recovery Initiative funds to cover the move.
The company plans to use corporate resources to fill the gap, including external capital.
Some traders are signaling strength for USD Coin, citing its treasury backing in U.S.-issued bonds.
Some $4 million in USDC futures were liquidated in the past 24 hours, Coinglass data shows.
MakerDAO’s decentralized stablecoin hits an all-time low of 0.88 cents.
Rep. Maxine Waters convened meetings with federal bank regulators in the wake of the bank’s collapse.
USDC’s normally stable price sank to $0.89 from $1 while Ethereum gas fees soared hours after the crypto-tied bank failed.
Circle’s USDC stablecoin was hit by the shutdown of Silicon Valley Bank, one of its key banking partners.
Silicon Valley Bank, one of the reserve banking partner for Circle’s USDC stablecoin, was shut down by regulators on Friday.