News March 11, 2023 Bitcoin Regains $20K After $200M in Crypto Liquidations; Some Traders Brush Off USDC Fears Some traders are signaling strength for USD Coin, citing its treasury backing in U.S.-issued bonds.
News March 11, 2023 Traders Bet on USD Coin Rebound as USDC Falls to 90 Cents Some $4 million in USDC futures were liquidated in the past 24 hours, Coinglass data shows.
News March 11, 2023 DAI Depegs to Lifetime Lows as Stablecoin Rout Plagues Crypto MakerDAO’s decentralized stablecoin hits an all-time low of 0.88 cents.
News March 11, 2023 USDC Stablecoin and Crypto Market Go Haywire After Silicon Valley Bank Collapses USDC’s normally stable price sank to $0.89 from $1 while Ethereum gas fees soared hours after the crypto-tied bank failed.
News March 11, 2023 Coinbase Pauses Conversions Between USDC and U.S. Dollars as Banking Crisis Roils Crypto Circle’s USDC stablecoin was hit by the shutdown of Silicon Valley Bank, one of its key banking partners.
News March 11, 2023 Circle Confirms $3.3B of USDC’s Cash Reserves Stuck at Failed Silicon Valley Bank Silicon Valley Bank, one of the reserve banking partner for Circle’s USDC stablecoin, was shut down by regulators on Friday.
News March 11, 2023 Circle’s USDC Endured $1B of Net Redemptions Since Silicon Valley Bank’s Shutdown Stablecoin issuer Circle held an undisclosed amount of USDC’s cash reserves at failed Silicon Valley Bank.
News March 11, 2023 USDC Issuer Circle Says it ‘Awaits Clarity’ From FDIC on Silicon Valley Bank Collapse In its first statement following the collapse of Silicon Valley Bank, Circle declined to state how much cash it has tied up at the bank.
News March 8, 2023 Curve Yield Farmers Rush to Deploy $60M on Newly Launched Conic Finance, Capture 21% APY on USD Coin Conic is the latest player in the game to offer unlocked yield rewards from the prominent DeFi protocol Curve to users.