How The USDC Depeg Will Impact DeFi, Expert Explains

Following the closure of Silicon Valley Bank (SVB), the value of the world’s fifth-largest cryptocurrency, USD Coin (USDC), plummeted to an all-time low on Saturday. The U. S. -based company behind the coin, Circle, revealed that $3. дальше »

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Tether: How Its $2 Billion USDT Minting Impacts Ethereum’s Success In The Bull Market

Despite recent negative developments in the crypto market, the sentiment seemed to be somehow bullish as Tether, its stablecoin and some major cryptos show resilience in the past couple of days. The collapse of major banks has significantly impacted the stablecoin market, with Circle’s USDC suffering a depeg causing smart money to flee USDC in favor of other stablecoins. дальше »

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Руководитель Circle рассказал об отвязке курса USDC от доллара и обеспечении стейблкоина

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What Is Cross River Bank, USDC Stablecoin Issuer Circle’s New Partner?

The New Jersey-based regional bank has an increased profile after the trio of recent bank collapses – and will likely face added regulatory scrutiny. дальше »

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Tether [USDT] exchange supply dwindles as whales...

Addresses with large USDT holdings are moving their assets off exchanges. Tether’s market cap dominated Circle, but earlier high sentiment has reduced. Over the weekend, stablecoins becameThe post Tether [USDT] exchange supply dwindles as whales... appeared first on AMBCrypto. дальше »

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USDC Issuer Circle Updates Its Community on Its Stablecoin Operations

Coinspeaker USDC Issuer Circle Updates Its Community on Its Stablecoin Operations As unveiled by Circle, it has started processing its redemption through a new banking partner after it was able to access the funds worth $3. дальше »

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Circle CEO: $3.3 Billion stuck at SVB may be recoverable

Circle CEO Jeremy Allaire confirmed that the firm has accessed the funds stuck at Silicon Valley Bank Allaire believes the $3. 3 billion stuck in SVB will be fully recovered Jeremy Allaire, tThe post Circle CEO: $3. дальше »

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KuCoin Has Closed a $10M Funding Round Into CNHC, but Is the Offshore Yuan Right for a Stablecoin?

Circle Ventures, the venture arm of the USDC-issuer, and IDG Capital also joined the round. дальше »

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Circle призвала Конгресс США ускорить принятие закона о стейблкоинах

Компания Circle, эмитент стейблкоина USDC, призвала Конгресс США ускорить разработку регулирования для стабильных криптовалют.<br /> дальше »

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CFTC Names Executives From Circle, TRM, Fireblocks Among Others to New Tech Advisory Group

The Commodity Futures Trading Commission announced former White House official Carole House and TRM Labs' Ari Redboard as the new chair and vice chair of its Technology Advisory Committee. дальше »

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Burning USDC and Minting DAI Prove to Be Popular On-Chain Activities Amid SVB Collapse

Circle’s USDC stablecoin had nearly $3 billion in net redemptions since Friday, while the total supply of DAI increased by 1.2 billion tokens over the same time period. дальше »

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Circle’s USDC Regains $1 Peg After Tumultuous Weekend

After breaking its peg over the weekend and trading as low as $0.87, Circles USDC stablecoin is now at $1 again. 1 USDC for $0.87 All eyes are on USDC... дальше »

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Circle partners with Cross River as other banks collapsed

Circle has partnered with Cross River as regulators shut down Silicon Valley Bank and Signature. The partnership ensures that USDC maintains its 1:1 peg to the US dollar. Circle, one of the largest stablecoin issuers in the crypto ecosphere, announced… дальше »

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Curve Finance achieves record $7b in daily trading volumes

Curve finance just achieved a new trading ATH amid the depeging of USDC. Despite this, Circle has announced a new automated USDC minter amid US watchdogs movin to intervene in the latest market saga. дальше »

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Circle Reserves worth $3.3B at SVB to be 'fully available' soon

$3. 3B in USDC reserve deposits held at the failed SVB will be fully recovered when banks reopen in the U. S Circle also announced new partnership with the Cross River Bank Popular stablecoin The post Circle Reserves worth $3. дальше »

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Circle says USDC operations unaffected by SVB, Signature closures

The closure of Silicon Valley Bank and Signature Bank won’t affect Circle’s USDC operations. The post Circle says USDC operations unaffected by SVB, Signature closures appeared first on CryptoSlate. дальше »

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Circle Business Operations to Resume Monday Morning: CEO

Jeremy Allaire assured investors of safety of their funds amid SVB chaos дальше »

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Decoding USDC's current status after an initial fall of 13%

USDC is gradually regaining its $1 peg after the Circle CEO confirmed that its reserves are secure and that the company has new banking partners. Allaire lauded the efforts of the U.S. governmeThe post Decoding USDC's current status after an initial fall of 13% appeared first on AMBCrypto. дальше »

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Circle Scrambles to Right USDC After Signature Bank Failure

Circle Internet Financial’s $3. 3 billion cash reserves problem was seemingly solved Sunday when federal regulators promised that depositors of failed Silicon Valley Bank would be made whole in short order. дальше »

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USDC bounces back toward $1 peg after Fed announcement

Positive developments concerning Circle's $3.3 billion worth of reserves held at Silicon Valley Bank and its new banking partners have seen USDC climb back toward its $1 peg. дальше »

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Circle Pledges To ‘Stand Behind’ USDC And Cover Missing Liquidity In Failed Silicon Valley Bank

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Is Circle's USDC Stablecoin Crisis a Blessing in Disguise for Bitcoin?

The recent crisis surrounding Circle's USD Coin (USDC) stablecoin may have inadvertently boosted Bitcoin, as people are turning to it to achieve a synthetic USD due to the collapse of USDC дальше »

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Circle продолжит обменивать USDC на доллары в соотношении 1:1

Circle, выпустившая стейблкоины USD Coin (USDC), 11 марта опубликовала пресс-релиз, чтобы успокоить владельцев криптовалюты. Во-первых, представители фирмы обещают возобновить операции со стейблкоинами 13 марта после того, как откроются американские банки. дальше »

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USDC Hits All-Time Low As Investors Pull Out Funds From The Stablecoin

USDC has been hit with a bearish wave following news of the collapse of Silicon Valley Bank on March 11. The stablecoin issuer Circle had revealed that it had $3. 3 billion in deposits with the defunct bank, contributing to uncertainty regarding USDC. дальше »

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Is Moody’s Ratings Downgrade The Reason Why Silicon Valley Bank Fell?

The collapse of Silicon Valley Bank and news that Circle, the issuer of USDC, was exposed to the tech lender has caused reverberations across the stock and crypto markets. However, could Moody’s rating downgrade of SVB have accelerated the bank crash?  Moody’s Rating Of SVB Moody’s Investors Service downgraded the credit ratings of SVB Financial Group and its subsidiary, Silicon Valley Bank. дальше »

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Decoding the latest USDC update- Are USDT and DAI safer bets

Circle's new statement revealed that USDC was 100% collateralized with the majority of its holdings collateralized through U.S. treasury bills. Many investors sold their USDC, some, however, boThe post Decoding the latest USDC update- Are USDT and DAI safer bets appeared first on AMBCrypto. дальше »

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Crypto Market Forecast: Week of March 13th 2023

A curated weekly summary of forward-focused crypto news that matters. This week, financial markets including crypto slide as SVB collapse sparks contagion risk, Circle's USDC loses its peg and Bitcoin's fundamentals remain strong despite market chaos. дальше »

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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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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 will cover funds shortfall caused by Silicon Valley Bank collapse

Circle stated that it initiated to transfer of $3.3 billion funds remaining in SVB However, the transfer was not processed as of Friday and the could be processed on Monday The stablecoin isThe post Circle will cover funds shortfall caused by Silicon Valley Bank collapse appeared first on AMBCrypto. 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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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 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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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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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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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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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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