Crypto Shaken as SVB Exposure Depegs $37 Billion Stablecoin

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Crypto Shaken as SVB Exposure Depegs $37 Billion Stablecoin
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The fallout from SVB is reaching further into crypto, unhinging a key cog in the market that’s meant to be among the safest digital assets

reached further into crypto, unhinging a key cog in the market that’s meant to be among the safest digital assets in the space. The second-largest stablecoin fell from its intended $1 peg, trading as low as 81.

5 cents as investors reacted to the exposure of issuer
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