USDC broke its dollar peg on Saturday after Circle revealed that $3.3 billion of the coin's reserves were at SVB.

U.S. authorities' action helped stabilise the major USDC stablecoin, whose issuer Circle had deposits of $3.3 billion at SVB. The steadying...

U.S. officials said depositors of New York's Signature Bank, which was closed on Sunday by the New York state financial regulator, would al...

US authorities launched emergency measures on Sunday to shore up confidence in the banking system after the failure of SVB threatened to tr...

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...

The U.S. Treasury and Federal Reserve announced a range of measures to stabilise the banking system and said depositors at SVB would have a...

Circle 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...

Yale School of Management finance professor Gary Gorton and Federal Reserve attorney Jeffery Zhang have highlighted this regulatory vacuum,...

Turning a popular aphorism on its head was a ploy by the professors to enliven a technical discussion. “Evil is a strong word,” they wrote....

The 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...

The 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...

Circle 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.

The stablecoin company's announcement comes after startup-focused SVB collapsed on Friday in the largest bank failure since the 2008 financ...

Traders have been on guard this week for signs of contagion in the financial sector and beyond from troubles for SVB and crypto-focused Sil...

Earlier valued at $4.5 billion, Boston-based Circle had amended its agreement with Concord, which is backed by former Barclays boss Bob Dia...

"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...

Major stablecoins swung between roughly $0.95 and $1.02 last week, according to data provider Coinmarketcap, after having maintained their ...