6 300 000 000 долларов США стерты с рыночной капитализации USDC как лучший стейблкоин, отстающий от доллара США

USD Coin (USDC) изо всех сил пытается сохранить свою привязку к доллару США после того, как выяснилось, что часть наличных средств, поддерживающих лучший стейблкоин, застряла в банке Силиконовой долины. Базирующаяся в Бостоне фирма заявляет, что 3,3 миллиарда долларов из 40 миллиардов долларов, поддерживающих USDC, заблокированы в обанкротившемся банке, который теперь контролируется FDIC.

Timeline of Usd-coin

On Saturday, March 11, 2023, crypto advocates are concerned as a few stablecoin assets have depegged from their $1 parity. The second-largest stablecoin USDC, issued by Circle Financial, fell below $0.90, reaching a low of $0.877 per coin. Additionally, around five other stablecoins have dropped below the U.S.

The world of cryptocurrency is known for its volatility, with prices rising and falling on a regular basis. However, the recent collapse of the USDC stablecoin has caused investors to fear that the entire market could be on the verge of a catastrophic crash.

Cryptocurrency exchanges Binance (CRYPTO: BNB) and Coinbase Global Inc (NASDAQ: COIN), two of the top cryptocurrency exchanges, announced temporary suspensions of USD Coin (CRYPTO: USDC) conversions due to concerns about the fallout from the collapse of Silicon Valley Bank , a subsidiary of SVB Financial Group (NASDAQ: SIVB). The move followed worries that Circle, the company behind USDC stablecoin, held some of USDC's cash reserves at Silicon Valley Bank, which California's financial regulator shut down.

USDC Coin Price News: The cryptocurrency market displayed signs of recovery amid concerns of liquidity issues stemming from the failure of two US banks —  Silvergate and Silicon Valley Bank. But the depegging of USD Coin (USDC) is reminiscent of the Terra stablecoin terraUSD (UST) in 2022.

Arthur Hayes thinks fiat-backed stablecoins like the USDC, USDT, and others pose a risk to the bonds market, and this is the primary concern for the United States Treasury Department.

Stablecoin issuer Circle's USD Coin (USDC) redemptions reach over $2.5 billion in the last 24 hours. Investors move away from USDC stablecoin as Silicon Valley Bank (SVB), one of the six banking partners that managed 25% of reserves, was closed by a U.S. regulator and transferred to the U.S. FDIC to protect depositors.

Late on Friday, as the impact from the collapse of Silicon Valley Bank (SIVB) crept into the core of cryptocurrency trading, Coinbase (COIN) put a halt to conversions between the USDC stablecoin and US dollars.

The stablecoin world is once again facing uncertainty as the world's second-largest stablecoin, USD Coin (USDC), faces a potential black swan event that could lead to the collapse of the entire stablecoin ecosystem. However, experts suggest that USDC's situation is broadly different from the UST collapse of 2022.

The two biggest cryptocurrency exchanges, Binance and Coinbase, have revealed that they would temporarily suspend USDC conversions on their platforms. This comes in the aftermath of the collapse of US lender Silicon Valley Bank and concerns about its effect on USDC.

USDC Crash News: Silicon Valley Bank collapse turns out to be the biggest bank to fall since the financial crisis erupted in 2008. However, this crisis has also indulged the cryptocurrency industry with it.