USDC depeg – Everything we know so far as contagion spreads from TradFi banking

What we know so far about the SVB collapse and USDC/DAI depeg (updated): Crypto firm Circle reveals $3.3 billion stuck in SVB DAI/USDC depeg as stablecoin pressure continues after Silicon Valley bank collapse Binance suspended USDC conversions due to volatile market conditions Coinbase suspended USDC conversions “over the weekend while banks are closed” SVB contagion: […] The post USDC depeg – Everything we know so far as contagion spreads from TradFi banking appeared first on CryptoSlate. дальше »

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USDC Stablecoin Loses Dollar Peg Following Collapse of Major Banking Partner

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USDC Issuer Circle Reveals It Couldn’t Withdraw $3.3 Billion From Silicon Valley Bank

Stablecoin issuer Circle disclosed late Friday that around $3. 3 billion of its $40 billion USDC reserves remained at Silicon Valley Bank. This comes after the high-tech lender’s share price dropped precipitously in response to a run on deposits by nervous consumers. дальше »

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USDC Market Cap Sheds $6B as Circle Reveals $3.3B Exposure to Silicon Valley Bank

The USDC stablecoin lost its $1 peg after its issuer Circle said it has $3.3 billion stuck in the embattled Silicon Valley Bank. The post USDC Market Cap Sheds $6B as Circle Reveals $3.3B Exposure to Silicon Valley Bank appeared first on BeInCrypto. дальше »

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Стейблкоин USDC потерял привязку к доллару в результате банкротства Silicon Valley

Популярный стейблкоин USDC утратил привязку к доллару США на фоне разворачивающегося краха калифорнийского банка Silicon Valley (SVB). Это произошло после того, как эмитент USDC — компания Circle — объявила о том, что $3,3 млрд ее резервов хранились в проблемном банке. дальше »

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Circle stablecoin USDC depegs to under $0.90

USD Coin (USDC/USD) has fallen below $0. 90, sharply depegging after Circle confirmed exposure to Silicon Valley Bank.   The cryptocurrency news this Saturday also sees major cryptocurrencies, including Bitcoin and Ethereum struggle with selloff pressure near $20,000 and $1,400 respectively. дальше »

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Silicon Valley Bank leaves USDC bleeding- Will it impact Stablecoin market?

USDC's market cap fell from $43.56 billion to $38.9 billion, a drop of over 11%. As per Nansen, Circle burned $2.34 billion worth of USDC in the last 24 hours. USD Coin [USDC], lost its dollThe post Silicon Valley Bank leaves USDC bleeding- Will it impact Stablecoin market? appeared first on AMBCrypto. дальше »

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Circle says $3.3B of USDC reserves stuck at Silicon Valley Bank

Circle said it failed to remove $3. 3 billion from Silicon Valley Bank. SVB is under FDIC receivership following its collapse. USDC depegged following the news, falling 8% to hit lows of $0. 91 on Saturday morning. дальше »

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Курсы USDC и DAI отвязались от курса доллара из-за хранения резервов в проблемном банке Silicon Valley Bank

Оператор одного из крупнейших стейблкоинов Circle сообщил, что $3,3 млрд резервов USDC хранится в банке Silicon Valley. На этом фоне курсы USDC и DAI отвязались от курса доллара. дальше »

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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. дальше »

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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. дальше »

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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. дальше »

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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. дальше »

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Circle, BlockFi may have exposure to Silicon Valley Bank; other firms deny exposure

California-based Silicon Valley Bank (SVB), a unit of SVB Financial Group, has been shut down, according to an announcement from financial regulators on March 10. The post Circle, BlockFi may have exposure to Silicon Valley Bank; other firms deny exposure appeared first on CryptoSlate. дальше »

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Circle’s exposure to US banks could top $9B

Circle’s reserves are held in a number of banks in the United States, including Silvergate, Silicon Valley Bank and Bank of New York Mellon. дальше »

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Scrutiny Falls on $43B USDC Stablecoin’s Cash Reserves at Failed Silicon Valley Bank

Circle’s USDC, the second largest stablecoin with $43 billion market capitalization, held an undisclosed part of its $9.8 billion cash reserves at failed Silicon Valley Bank. дальше »

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Web3 platform integrates social commerce app into Circle's payment infrastructure

The platform was founded in 2018 by musical icon John Legend, alongside a number of Silicon Valley technology entrepreneurs.

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Omniex unveils initial clients of its institutional crypto-asset platform

Omniex Holdings, a Silicon Valley company which developed a trading platform for institutional investors in crypto-assets has announced a number of its initial clients including Circle, Jump Trading, OSL, Galaxy IP, BKCM, Crescent Crypto, DV Chain, Wyre, and others. дальше »

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