USDC Regains 7% After Depeg, Circle Pledges to Cover Reserve Shortfalls

USDC rallied to as high as $0.98 following news that its issuer Circle promised to cover any shortfall in its reserves. The post USDC Regains 7% After Depeg, Circle Pledges to Cover Reserve Shortfalls appeared first on BeInCrypto. дальше »

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USDC возвращает привязку к доллару после сжигания токенов на $3 млрд

Исследовательская платформа Nansen, предоставляющая данные о блокчейнах, констатировала, что курс стейблкоина USDC вернулся к отметке в $0,97 после сжигания токенов почти на $3 млрд. дальше »

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MakerDAO [MKR] reacts to Stablecoin contagion with this proposal

MakerDAO reveals an emergency proposal to reinforce its platform against stablecoin risks. USDC de-pegging inadvertently triggers demand for MKR. MakerDAO is making moves aimed at protectingThe post MakerDAO [MKR] reacts to Stablecoin contagion with this proposal appeared first on AMBCrypto. дальше »

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Do Kwon had the right idea, banks are risk to fiat-backed stablecoins — CZ

Given Silicon Valley Bank’s direct involvement in destabilizing USDC prices, CZ blamed banks for increasing the risks of stablecoins. дальше »

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USDC Holder Forks Over $2 Million For $0.05 USDT In Desperate Move To Evade Crypto Crash

Every crypto investor’s nightmare starts when a sudden change in the industry leads to panic and massive selloffs. The effect of these two occurrences usually leads to uncontrollable price dips and deep losses for investors. дальше »

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Op-ed: Why the USDC depeg is not a reason to panic

The following is a guest post by Anndy Lian.

The post Op-ed: Why the USDC depeg is not a reason to panic appeared first on CryptoSlate.

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Stablecoins rally as Circle announces it will cover all USDC redemptions 1:1

Quick Take On Saturday, March 11, Circle CEO Jeremy Allaire announced that Circle pledges to cover any shortfall in the assets backing USDC if it does not receive the entirety of a $3. 3 billion cash reserve held at Silicon Valley Bank. дальше »

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Circle to ‘Cover Any Shortfall’ in USDC Reserves, Sparking Stablecoin Rally

The company plans to use corporate resources to fill the gap, including external capital. дальше »

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Silicon Valley Bank’s troubles put Circle’s $3.3b USDC reserve at risk

Circle’s USDC, the second-largest stablecoin with a market capitalization of $43b, has been hit by the collapse of Silicon Valley Bank (SVB). On Friday, regulators in California placed the bank under receivership, leaving investors needing clarification on the return of… дальше »

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Worst Time to Swap USDC Is Now: Top VC Investor Dovey Wan on Market Panic

Primitive Crypto founder Dovey Wan explains why it might be too early to panic amid USDC depegging from U.S. Dollar дальше »

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Former BitMEX boss: USDC and stablecoins make US bonds market fragile

Arthur Hayes thinks fiat-backed stablecoins like the USDC, USDT, and others pose a risk to the bonds market, and this is the primary concern for the United States Treasury Department. дальше »

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Binance And Coinbase Temporarily Suspend USDC Conversion After Silicon Valley Bank Collapse

The two biggest cryptocurrency exchanges, Binance and Coinbase, have revealed that they would temporarily suspend USDC conversions on their platforms. This comes in the aftermath of the collapse of US lender Silicon Valley Bank and concerns about its effect on USDC. дальше »

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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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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. дальше »

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Is USDC Another UST? DeFi Analyst Shares His Take

Seasoned cryptocurrency researcher and educationist who goes by @DefiIgnas on Twitter is sure that USD Coin (USDC) will not collapse in TerraUSD (UST)-like manner дальше »

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USDC depegs as Circle burns $2.34b in 24 hours

USD Coin (USDC) has depeged from its $1 intended peg to trade as low as 81.5 cents. Meanwhile, Circle has burned $2.34b in USDC over the last day дальше »

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Robinhood reportedly suspends USDC depositing and trading

Robinhood, a platform that allows the commission-free trading of, among other instruments, cryptocurrencies, via a mobile app, has halted the trading and depositing of USDC. дальше »

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USDC Stablecoin Loses Dollar Peg Following Collapse of Major Banking Partner

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Bitcoin: Fall of Silicon Valley Bank might be a silver lining for BTC, here's why

USDC has seen increased swaps as more Bitcoin leaves exchanges. BTC volume reaches almost a three-month high as transactions go up. Fear, uncertainty, and doubt (FUD) about Bitcoin stemming The post Bitcoin: Fall of Silicon Valley Bank might be a silver lining for BTC, here's why appeared first on AMBCrypto. дальше »

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USDC Is In Trouble, But It Won’t Go To Zero Like UST Did – Here’s Why

USDC, the stablecoin tracing the USD, is under immense pressure as users rush to convert to other assets, including BUSD by Paxos and USDT by Tether Holdings. USDC Has De-pegged As USDC’s market cap rapidly shrinks, primarily because of mass exits, there has been a de-peg. дальше »

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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. дальше »

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XRP Used as Solution by Blockchain Financial Service to Convert Funds During USDC Depeg

USDC was still below dollar peg at $0.918 at time of writing дальше »

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USDC de-pegs, Kraken CEO wonders if the market is losing trust in US products

By Mar. 11, USDC, a stablecoin, de-pegged, falling to as low as $0.89 during the Asian session, trackers reveal дальше »

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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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SVB closure spurs a crypto crisis: Coinbase and Binance suspend USDC conversions

Just a day after covering Silicon Valley Bank’s (NASDAQ: SIVB) stock price dip following reports it was raising funds through selling assets and stock, the SVB has finally closed sending shockwaves through the crypto market. 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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Рынок криптовалют оценивает риск «зависания» большого объёма USDC в Silicon Valley Bank

Цена биткоина отреагировала на ситуацию в банковском секторе США снижением до минимума с января. Финансовые затруднения калифорнийского банка Silicon Valley Bank (SVB) оказались в фокусе внимания участников криптовалютной индустрии, учитывая, что ещё в январе у эмитента стейблкоинов USDC, компании Circle, в этом банке было 9,88 млрд долларов наличных денег — согласно отчетности самой Circle по […] 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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USDC Stablecoin Depegs, Crypto Market Goes 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. дальше »

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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. 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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USDC Stablecoin Depegs From $1; Circle Says Operations Are Normal

USDC dropped to $0.973, its lowest level since the collapse of FTX. дальше »

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DeFi Protocol Curve’s $500M Stablecoin Pool Hammered as Traders Flee USDC

Curve's 3pool is supposed to have equal parts USDC, DAI and USDT. The trio are becoming imbalanced amid fallout from Silicon Valley Bank's collapse. дальше »

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Crypto Wallets Withdraw $902M USDC From Centralized Exchanges in Past 24 Hours Amid SVB, Silvergate Shutdowns

$11.4 billion of USDC reserves are held in the form of cash at Reserve Banks, which include the two members of the Federal Reserve System. 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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Justin Sun Completes $100M USDC Transfer to Create Huobi Liquidity Fund

Sun’s USDT is moving after Huobi’s HT Token Dropped 93% and then rebounded. дальше »

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Voyager Continues Liquidating Crypto Assets for Circle’s USDC Stablecoin

Amid its ongoing bankruptcy case, Voyager has liquidated more than $80 million since March 8, according to on-chain data sourced from Arkham Intelligence. дальше »

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Dapper Removes ACH Withdrawal Option, Citing Circle

Wire transfer and USDC remain an option for Dapper users. дальше »

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Binance accumulates 3.8B USDC in three weeks

Glassnode data analyzed by CryptoSlate revealed that Binance accumulated 3.8 billion USD Coin (USDC) during the past three weeks. The post Binance accumulates 3.8B USDC in three weeks appeared first on CryptoSlate. дальше »

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Lookonchain: Обанкротившаяся Voyager продала 1 449 ETH через Wintermute

Аналитический портал Lookonchain сообщил, что признанная банкротом финансовая платформа Voyager продала 1 449 ETH через компанию Wintermute. Продажи осуществлялись за USDC. Всего Voyager получил 2,25 млн – по $1 553 за ETH. дальше »

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Voyager dumps 1,449 ETH as SEC opposes $1b Binance US takeover deal

On Mar. 4, Voyager Digital, the bankrupt crypto broker, sold 1,449 ethereum (ETH) via Wintermute, a crypto market maker and a proprietary trading platform, and received 2.25m USDC, a stablecoin. дальше »

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Circle Releases Crucial Update on USDC/Silvergate Issues

Circle managed to move reserves of USD Coin (USDC) stablecoin out of collapsing banking heavyweight дальше »

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Circle moves its USDC reserve deposits out of troubled Silvergate Bank

Silvergate bank in a filing on Wednesday said losses might leave it with less capital than it needs. The bank recently closed its SEN Platform which institutions used to move money to crypto exchanges. дальше »

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