USDC market cap below $30 billion, struggles signify crypto turmoil
Key Takeaways USDC’s market cap has dipped from $54 billion to $30 billion within the final eight months The stablecoin has misplaced market share since March, falling from 32% to….
Tag: USDC
SVB Collapse Came In USDC Bank Transition Period
Circle CEO Jeremy Allaire described the current banking disaster in america as ‘dramatic’ and ‘difficult’. He mentioned panic emerged out there final week and manifest in closure of banks and….
Circle Accessed USDC Reserves In SVB This Week; Crypto News
Circle USDC Information: Within the wake of the devastating impact the failure of Silicon Valley Financial institution and Signature Financial institution had on the US markets, Circle CEO Jeremy Allaire….
Bitcoin Price Unfazed By USDC Crisis; Signals Upcoming Bull Run
After struggling important losses on Friday as a result of unfold of potential contagion dangers from the failure of Silicon Valley Bank to crypto markets, Bitcoin and Ethereum have skilled….
Crypto Funds Confident Of USDC Recovery Amid SVB Contagion
USDC Coin Value Information: The cryptocurrency market displayed indicators of restoration amid considerations of liquidity points stemming from the failure of two US banks — Silvergate and Silicon Valley Financial….
Circle’s USDC Redemptions Reaches $2.5B, Exchange Inflow $7B
USDC Redemptions. Supply: CryptoQuant Furthermore, Ki Younger Ju believes the USDC scenario is totally totally different from the TerraUSD (UST) collapse. The Luna Basis Guard despatched billions in BTC to….
Is Vitalik Buterin Supporting USDC Amid Heavy Depegging?
USDC Crash Information: Silicon Valley Financial institution collapse seems to be the largest financial institution to fall for the reason that monetary disaster erupted in 2008. Nonetheless, this disaster has….
Stablecoins In Trouble? USDC, DAI, USDD Depeg As SVB Crisis Deepens
Crypto Information: Coping with a heavy dump, the worldwide digital asset market registered a broad restoration on Saturday morning. Bitcoin, Ethereum worth jumped by 3% and 5%, respectively. Nonetheless, the….
Coinbase Users Converts Over $5 Bn USDC To Fiat In Panic
The U.S. Securities and Alternate Fee (SEC) crackdown in opposition to crypto staking has prompted panic within the crypto market. Within the final 24 hours, Coinbase customers have transformed almost….
Coinbase launches USDC trading on Avalanche
Crypto trade Coinbase now helps the native buying and selling of USDC on Avalanche. AVAX is the perfect performer amongst the highest 20 cryptocurrencies by market cap at this time…..