👀 #Stablecoin #USDC has lost its peg to the U.S. dollar and

👀 #Stablecoin #USDC has lost its peg to the U.S. dollar and is trading at $0.92 as of this writing after its issuer Circle announced it was holding $3.3 billion in reserves at Silicon Valley Bank, closed by authorities. Regulator closed #SVB due to "lack of #liquidity "

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👀 #Stablecoin #USDC has lost its peg to the U.S. dollar and is trading at $0.92 as of this writing after its issuer Circle announced it was holding $3.3 billion in reserves at Silicon Valley Bank, closed by authorities.

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