USDC remains at about $0.90 following Circle’s disclosure of funds at SVB

USDC remains at about $0.90 following Circle’s disclosure of funds at SVB


TheBlock
2023-03-11 10:10:40
USDC remains at about $0.90 following Circle’s disclosure of funds at SVB

Many stablecoins are trading below their pegs after Circle disclosed that $3.3 billion of USDC's reserves is with Silicon Valley Bank.

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