March 12, 2023

Stablecoin $USDC Collapses, De-Pegs From Dollar — US$3.3bn Exposed To SVB Bankruptcy

USDC, Native Coin of Circle, Collapses Ⓒ 2023 – Crypto Coin Opps

Circle, a well-known digital currency firm that provides various services such as cryptocurrency trading, investing, and payments, has disclosed that it holds $3.3 billion of exposure to Silicon Valley Bank. This announcement sparked concerns about the bank’s balance sheet stability, as Circle’s recent filing with the Securities and Exchange Commission (SEC) indicates that it views […]