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USDC COLLAPSE
Stablecoin firm Circle confidentially files for US IPOThe IPO is expected to take place after the Securities and Exchange Commission completes its review process, subject to market and other co...
Coinbase's international exchange to launch spot crypto tradingSpot trading on the company's international exchange, which is currently geared toward derivatives trading, will roll out in phases startin...
Crypto investors pull $3 billion from stablecoin USDC in three daysCryptocurrency investors pulled around $3 billion from the stablecoin USDC in three days, as investors rushed to redeem their holdings in t...
Crypto investors pull $3 billion from stablecoin USDC in three daysUSDC broke its dollar peg on Saturday after Circle revealed that $3.3 billion of the coin's reserves were at SVB.
Bitcoin jumps to highest since June as rally gathers paceU.S. authorities' action helped stabilise the major USDC stablecoin, whose issuer Circle had deposits of $3.3 billion at SVB. The steadying...
Bitcoin, USDC stablecoin rally after US intervenes on SVBU.S. officials said depositors of New York's Signature Bank, which was closed on Sunday by the New York state financial regulator, would al...
Major cryptocurrencies stabilise after US intervenes on SVBUS authorities launched emergency measures on Sunday to shore up confidence in the banking system after the failure of SVB threatened to tr...
7 points: What caused the sinking of Signature Bank?Signature Bank had total assets of about $110.36 billion and total deposits of roughly $88.59 billion as of December 31. While a run on the...
Bitcoin, USDC stablecoin rally after US intervenes on SVBThe U.S. Treasury and Federal Reserve announced a range of measures to stabilise the banking system and said depositors at SVB would have a...
Crypto firm Circle says $3.3 billion USDC reserves to be fully available on MondayCircle said it did not have any Stablecoin USD Coin (USDC) cash reserves at Signature Bank and that the token remained redeemable at 1:1 US...
Opinion: SVB collapse shows the fickleness of crypto moneyYale School of Management finance professor Gary Gorton and Federal Reserve attorney Jeffery Zhang have highlighted this regulatory vacuum,...
SVB collapse shows fickleness of crypto moneyTurning a popular aphorism on its head was a ploy by the professors to enliven a technical discussion. “Evil is a strong word,” they wrote....
Crypto shaken as SVB exposure depegs $37 billion stablecoinThe second-largest stablecoin fell from its intended $1 peg, trading as low as 81.5 cents as investors reacted to the exposure of issuer Ci...
Crypto shaken as SVB exposure Depegs $37 billion StablecoinThe second-largest stablecoin fell from its intended $1 peg, trading as low as 81.5 cents as investors reacted to the exposure of issuer Ci...
Stablecoin USDC breaks dollar peg after revealing $3.3 billion Silicon Valley Bank exposureCircle has $3.3 billion of its $40 billion of USDC reserves at collapsed lender Silicon Valley Bank, the company said in a tweet on Friday.
Crypto firm Circle reveals $3.3 billion exposure to Silicon Valley BankThe stablecoin company's announcement comes after startup-focused SVB collapsed on Friday in the largest bank failure since the 2008 financ...
Crypto firm Circle reveals $3.3 bln exposure to Silicon Valley BankTraders have been on guard this week for signs of contagion in the financial sector and beyond from troubles for SVB and crypto-focused Sil...
Fintech Circle terminates $9 billion deal with Bob Diamond-backed SPACEarlier valued at $4.5 billion, Boston-based Circle had amended its agreement with Concord, which is backed by former Barclays boss Bob Dia...
Cryptoverse: Stablecoins wend wobbly way into the unknown"Stablecoins are the closest that we'll get in the crypto space to a systemically important asset and any impact on the value of one or sev...
Stablecoins wend wobbly way into the unknownMajor stablecoins swung between roughly $0.95 and $1.02 last week, according to data provider Coinmarketcap, after having maintained their ...