• Tue. Nov 28th, 2023

SMi News Blog

A Right-Leaning News Blog

Black swan strikes USDC stablecoin following Silicon Valley Bank collapse


Mar 16, 2023


(Natural News)
After it was announced that Silicon Valley Bank (SVB) had collapsed, the cryptocurrency world’s second-largest “stablecoin,” USDC, plunged in value before later rebounding closer towards its intended $1 peg.Circle Internet Financial Ltd., which runs USDC and banked at SVB, has promised to cover any shortfall in the $3.3 … [Read More…]

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