USDC


Videos

USDC Stablecoin Regains Dollar Peg After Silicon Valley Bank Collapse

The USDC stablecoin regained its peg to the U.S. dollar, according to CoinGecko, after falling below the $1 value it was supposed to hold as the federal banking and finance regulators said on Sunday that all Silicon Valley Bank depositors would have access to their funds beginning Monday. "The Hash" panel discusses the implications for stablecoins and the wider crypto market.

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Finance

$70M in Fresh On-Chain USDC Positions at Risk of Liquidation if Stablecoin Depegs by 10%

Traders betting on a USDC revival are in healthy profit but downside risk remains in the event of another depeg.

On-chain USDC liquidations (DefiLlama)

Finance

USDC Stablecoin Regains Dollar Peg After Silicon Valley Bank-Induced Chaos

The stablecoin fell below $1 in value on Friday after it emerged that some portion of issuer Circle’s funds were at the failed Silicon Valley Bank.

Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)

Markets

First Mover Americas: Bitcoin Gains as FDIC Steps In for Silicon Valley Bank

The latest price moves in crypto markets in context for March 13, 2023.

(Provided)

Finance

Smart Money Staying Put as USDC Remains Off Peg

Data from Nansen shows the total amount held by smart money wallets, and active addresses, are at multi-month lows.

Money (Alexander Grey/ Unsplash)

Policy

Circle Scrambles to Right USDC After Signature Bank Failure

Circle Internet Financial is racing to find new banking partners for its USDC stablecoin.

CEO Jeremy Allaire's Circle is part of the consortium behind USDC. (Danny Nelson/CoinDesk)

Markets

USDC Volatility Lifts Bitcoin's Coinbase Premium to 3-Year High

While the Coinbase premium is usually taken to represent stronger buying pressure from U.S. investors, that's probably not the case this time.

Bitcoin's Coinbase Premium Index (CryptoQuant)

Finance

Circle to ‘Cover Any Shortfall’ in USDC Reserves, Sparking Stablecoin Rally

The company plans to use corporate resources to fill the gap, including external capital.

Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)

Markets

Bitcoin Regains $20K After $200M in Crypto Liquidations; Some Traders Brush Off USDC Fears

Some traders are signaling strength for USD coin, citing its treasury backing in U.S.-issued bonds.

Bear and bull (Pixabay)

Markets

Traders Bet on USD Coin Rebound as USDC Falls to 90 Cents

Some $4 million in USDC futures were liquidated in the past 24 hours, Coinglass data shows.

(Nicholas Cappello/Unsplash)