SVB Contagion Puts Stablecoins at Risk
At the start of the week, the trading session took a toll on USDC and Other Cryptocurrencies Following United States Authorities’ Measures to Mitigate Silicon Valley Bank’s Collapse. Circle’s USDC Reserves at Risk: SVB’s Closure by California Department of Financial Protection and Innovation Sends Stablecoin Plummeting to 0.87 dollars. “Circle’s USDC Reserves Further Under Scrutiny…