usdc Archives - Crypto Coin Opps

March 12, 2023

News

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

Date: Updated March 27, 2023 Story By: Fábian Bustos

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 […]

Coinbase Tells Users Swap USDT To USDC — Sparks New Theory

Date: Updated December 10, 2022 Story By: Adam Pereira

Coinbase is calling USDC the ‘trusted stablecoin’ now. America’s #1 cryptocurrency exchange even waiving fees associated with converting Tether (USDT) stablecoins to the Circle-owned USD. Why Swap USDT To USDC Tether has been trading for $0.99 cents as of late with certain crypto-pairings on Binance and all of those on Coinbase. This is concerning to […]