Stablecoin USD Coin (USDC) lost its peg to the US dollar late last week following news of the collapse of the Silicon Valley Bank (SVB) — the institution that held $3.3 billion in reserves for this cryptocurrency is almost recovered amid reports...
U.S. dollar
Stablecoin USD Coin (USDC) lost pegged to the US dollar, falling to $0.94 on the Kraken crypto exchange, its lowest price since April 2021. On Saturday, the value of USDC, the second-largest stablecoin with a market cap of $42 billion, surged to $0...
