La piattaforma crittografica Huobi ha scambiato $ 100.000.000 USDC per DAI durante lo spavento del depegging della stablecoin: dati on-chain

L'exchange di criptovalute Huobi ha convertito $ 100 milioni di USD Coin (USDC) in Dai (DAI) mentre l'incertezza si diffondeva nel mercato delle stablecoin questo fine settimana, come mostrano i dati on-chain. Secondo la società di monitoraggio blockchain Lookonchain, Huobi ha effettuato la grande transazione sabato mattina presto.

Timeline of Multi-collateral-dai, Usd-coin

Circle, the issuer of the stablecoin USD Coin (USDC), has announced that it will use corporate resources to cover the shortfall on its reserves after Silicon Valley Bank (SVB) was shut down by the California Department of Financial Protection and Innovation. USDC liquidity operations will resume as normal when banks open on Monday, enabling redemption at 1:1 with the US dollar.

On March 10, concerns about the solvency of USD Coin (USDC) led several holders to panic sell their holdings and switch to other stablecoins. One user lost over 2 million USDC in a failed attempt to exchange them for Tether (USDT) using KyberSwap's decentralized exchange aggregator.

Key Points: Binance, the world's largest cryptocurrency exchange by trading volume, has announced the launch of a new perpetual contract for USD Coin (USDC) with up to 30x leverage on its Binance Futures platform.

Circle Internet Financial has promised to resume normal USDC liquidity operations from Monday, enabling the redemption of the troubled stablecoin at 1:1 with the United States dollar.

On Saturday, several centralized crypto trading platforms and payment processors stopped USDC auto conversions. However, USDC experienced a significant trading volume on decentralized exchange (dex) platforms such as Uniswap, Curve, and Pancakeswap. Uniswap alone recorded $10.

USDC has been hit with a bearish wave following news of the collapse of Silicon Valley Bank on March 11. The stablecoin issuer Circle had revealed that it had $3.3 billion in deposits with the defunct bank, contributing to uncertainty regarding USDC.

USDC issuer Circle has pledged to cover any shortfall in the stablecoin's reserves if it does not receive the entirety of the $3.3 billion held at now-collapsed Silicon Valley Bank.

Circle Internet Financial (“Circle”), the issuer of the dollar-backed stablecoin USD Coin (USDC), has provided important assurances that should help to calm holders of the coin and the crypto market in general.

As USDC remains a popular digital dollar, investors may be wondering whether it will survive after the recent collapse of Silicon Valley Bank. If the USD Coin eventually survived, this would be a suitable opportunity to buy at the bottom when USD Coin falls.

Circle's CEO Jeremy Allaire, the business behind stablecoin USDC, made the latest update concerning USDC's volatility yesterday and the direction of the approaching resolution on March 12.