Gonzalo1022 Posted March 11, 2023 #1 Posted March 11, 2023 Someone can explain me what happen with usdc?
kokojambo1991 Posted March 11, 2023 #6 Posted March 11, 2023 USDC's normally stable price sank to $0.89 from $1 while Ethereum gas fees soared hours after the crypto-tied bank failed https://www.coindesk.com/markets/2023/03/11/usdc-stablecoin-and-crypto-market-go-haywire-after-silicon-valley-bank-collapses/
youcheckibet Posted March 11, 2023 #7 Posted March 11, 2023 17 minutes ago, Gonzalo1022 said: Someone can explain me what happen with usdc? Circle who own and operate USDC had money tied up in a Silicon Valley Bank that collapsed, they lost $3B+ in assets tied up there, rumors that it could have been a lot more. Then of course due to FUD people are selling off and shorting exacerbating the issue. I personally would not be overly concerned, but that is easy for me to say with nothing tied up in USDC.
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