L'USDC Stablecoin de Circle continue d'enregistrer d'importants rachats malgré la reprise du marché

Les rachats massifs pour le stablecoin USDC de Circle se sont poursuivis le lundi 13 mars, après la panique du week-end et le désancrage du stablecoin. Selon le chercheur en blockchain Nansen, plus de 1,74 milliard de dollars de stablecoins USDC ont été échangés lundi.

Timeline of Usd-coin

A “desperate” cryptocurrency investor has paid well over $2 million in an on-chain trade to swap out of an investment offering them exposure to $USDC and the decentralized stablecoin $DAI and into $USDT, but only received $0.05 in return.

Following the announcement last night by federal regulators that all deposits at Silicon Valley Bank (NASDAQ:SIVB) would be guaranteed, Circle CEO issued a statement on the company's dollar-based stablecoin, USDC, as any risk was eliminated from Circle's relationship with SVB.

Circle's dollar-based stablecoin USDC lost its dollar peg last week after the firm revealed that $3.3 billion in reserves were locked up at Silicon Valley Bank (NASDAQ:SIVB). At one point, USDC dropped by around 12% as holders ran for the exits.

A March 12, 2023, joint statement by the Department of the Treasury, Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) advised that depositors for both the Signature Bank, New York and Silicon Valley Bank, Santa Clara, California, will have access to their money effective March 13, 2023.

Fissures among the progressive left are primarily responsible for the lack of U.S. regulatory progress around stablecoins, says John Rizzo, senior vice president for public affairs at Clyde Group.

Circle has minted hundreds of millions of dollars worth of US Dollar Coin (UDSC) as the second-largest stablecoin by market cap recovers from its recent depegging from the dollar. USDC, a stablecoin designed to stay pegged to the value of one US dollar, fell in value to as low as $0.

USDC stablecoin issuer Circle has a staggering $3.3 billion of its total reserves with the Silicon Valley Bank. Circle has promised to cover any shortfall using corporate resources as well as external capital if required.

USDC and other cryptocurrencies were having a rough trading session Monday following an announcement from U.S. authorities outlining measures to minimize the impact of the collapse of Silicon Valley Bank. Concerns regarding Circle's $3.3 billion in USDC reserves held at SVB, which was shuttered by the California Department of Financial Protection and Innovation on March 10, drove the price of the stablecoin down to as low as $0.87 over the weekend.

In fact, the US dollar itself is not exchangeable on the blockchain, but it is possible to create tokens that have the exact same value as the dollar and are exchangeable on the blockchain. These special cryptocurrencies are called stablecoins.

Circle's stablecoin USD Coin (USDC) was regaining its $1 peg, at press time. This followed after CEO Jeremy Allaire confirmed that its reserves were secure and that the company had new banking partners lined up for banking beginning Monday morning.