USDC Stablecoin Falls to 87 Cents After Circle Discloses Exposure to Silicon Valley Bank

USDC Stablecoin Falls to 87 Cents After Circle Discloses Exposure to Silicon Valley Bank


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2023-03-11 14:27:59
USDC Stablecoin Falls to 87 Cents After Circle Discloses Exposure to Silicon Valley Bank

Circle says $3.3 billion of the cash reserves backing USDC remain at shuttered Silicon Valley Bank. USDC, DAI, and USDD have all depegged from $1.

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