#Following the collapse of Silicon Valley Bank on March 10, the USDC price dropped to lows of $0.87 on March 11 amid concerns about its #reserves being locked at SVB.

 the #stablecoin issued by Circle — briefly de-pegged following news that $3.3 billion of its cash #reserves were stuck on SVB.

#Following the collapse of Silicon Valley Bank on March 10, the USDC price dropped to lows of $0.87 on March 11 amid concerns about its #reserves being locked at SVB.

#Following the collapse of Silicon Valley Bank on March 10, the USDC price dropped to lows of $0.87 on March 11 amid concerns about its #reserves being locked at SVB.

#Following the collapse of Silicon Valley Bank on March 10, the USDC price dropped to lows of $0.87 on March 11 amid concerns about its #reserves being locked at SVB.

#Following the collapse of Silicon Valley Bank on March 10, the USDC price dropped to lows of $0.87 on March 11 amid concerns about its #reserves being locked at SVB.

#Following the collapse of Silicon Valley Bank on March 10, the USDC price dropped to lows of $0.87 on March 11 amid concerns about its #reserves being locked at SVB.

 the #stablecoin issued by Circle — briefly de-pegged following news that $3.3 billion of its cash #reserves were stuck on SVB.

#Following the collapse of Silicon Valley Bank on March 10, the USDC price dropped to lows of $0.87 on March 11 amid concerns about its #reserves being locked at SVB.

 the #stablecoin issued by Circle — briefly de-pegged following news that $3.3 billion of its cash #reserves were stuck on SVB.

#Following the collapse of Silicon Valley Bank on March 10, the USDC price dropped to lows of $0.87 on March 11 amid concerns about its #reserves being locked at SVB.

#Following the collapse of Silicon Valley Bank on March 10, the USDC price dropped to lows of $0.87 on March 11 amid concerns about its #reserves being locked at SVB.

 the #stablecoin issued by Circle — briefly de-pegged following news that $3.3 billion of its cash #reserves were stuck on SVB.

#Following the collapse of Silicon Valley Bank on March 10, the USDC price dropped to lows of $0.87 on March 11 amid concerns about its #reserves being locked at SVB.

#Following the collapse of Silicon Valley Bank on March 10, the USDC price dropped to lows of $0.87 on March 11 amid concerns about its #reserves being locked at SVB.

#Following the collapse of Silicon Valley Bank on March 10, the USDC price dropped to lows of $0.87 on March 11 amid concerns about its #reserves being locked at SVB.

 the #stablecoin issued by Circle — briefly de-pegged following news that $3.3 billion of its cash #reserves were stuck on SVB.

#Following the collapse of Silicon Valley Bank on March 10, the USDC price dropped to lows of $0.87 on March 11 amid concerns about its #reserves being locked at SVB.

 the #stablecoin issued by Circle — briefly de-pegged following news that $3.3 billion of its cash #reserves were stuck on SVB.

#Following the collapse of Silicon Valley Bank on March 10, the USDC price dropped to lows of $0.87 on March 11 amid concerns about its #reserves being locked at SVB.

 development and #global expansion at Luno, told Cointelegraph. “#everything right; it was just unlucky. “USDC #reserves are pretty much made up of cash and short-dated securities, with 80% held in the latter, 

#everything right; it was just unlucky. “USDC #reserves are pretty much made up of cash and short-dated securities, with 80% held in the latter, 

#Following the collapse of Silicon Valley Bank on March 10, the USDC price dropped to lows of $0.87 on March 11 amid concerns about its #reserves being locked at SVB.

#Following the collapse of Silicon Valley Bank on March 10, the USDC price dropped to lows of $0.87 on March 11 amid concerns about its #reserves being locked at SVB.

#Following the collapse of Silicon Valley Bank on March 10, the USDC price dropped to lows of $0.87 on March 11 amid concerns about its #reserves being locked at SVB.

#Binance daily withdrawals surge over $2 billion in 24 hours amid #reserves 

@tofazzel in Status·3 days ago

#Following the collapse of Silicon Valley Bank on March 10, the USDC price dropped to lows of $0.87 on March 11 amid concerns about its #reserves being locked at SVB.

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 TMAC

#Following the collapse of Silicon Valley Bank on March 10, the USDC price dropped to lows of $0.87 on March 11 amid concerns about its #reserves being locked at SVB.

#Following the collapse of Silicon Valley Bank on March 10, the USDC price dropped to lows of $0.87 on March 11 amid concerns about its #reserves being locked at SVB.

holding its #reserves at a larger bank with stronger duration risk #management measures and interest rate hedges, and/or ensuring that all reserves are adequately covered by FDIC insurance,” said the University of Calgary’s Clements.

“USDC #reserves are pretty much made up of cash and short-dated #securities, with 80% held in the latter,

The billions in #reserves held by SVB would have #settled in another bank by March 13 in any event, Abraham said.

“Keeping almost 10% of total #reserves in one bank that is not viewed as ‘too-big-to-fail’ is a risky move for any business, let alone one that #purports to maintain a stable peg to the dollar

#Following the collapse of Silicon Valley Bank on March 10, the USDC price dropped to lows of $0.87 on March 11 amid concerns about its #reserves being locked at SVB.

#Following the collapse of Silicon Valley Bank on March 10, the USDC price dropped to lows of $0.87 on March 11 amid concerns about its #reserves being locked at SVB.

#Following the collapse of Silicon Valley Bank on March 10, the USDC price dropped to lows of $0.87 on March 11 amid concerns about its #reserves being locked at SVB.

#Following the collapse of Silicon Valley Bank on March 10, the USDC price dropped to lows of $0.87 on March 11 amid concerns about its #reserves being locked at SVB.

 the #stablecoin issued by Circle — briefly de-pegged following news that $3.3 billion of its cash #reserves were stuck on SVB.

#Following the collapse of Silicon Valley Bank on March 10, the USDC price dropped to lows of $0.87 on March 11 amid concerns about its #reserves being locked at SVB.

#Following the collapse of Silicon Valley Bank on March 10, the USDC price dropped to lows of $0.87 on March 11 amid concerns about its #reserves being locked at SVB.