The circle-backed stablecoin, $USDC, depegs swiftly as part of Circle’s cash reserves are disclosed to be held at Silicon Valley Bank. Let’s see what else went down this past week in DeFi 👇
Analytics platform, Dune, quells rumors of a Dune airdrop, stating that there are “no plans for a Dune token”, much to the dismay of airdrop farmers.Macro is certainly doing no favors to the market. Coupled with widespread stablecoin depegging, the market certainly feels rough right now, but builders keep their heads down and keep shipping.
The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Binance Adds BNB/USDC, BTC/USDC & ETH/USDC Trading Pairs | Binance SupportFellow Binancians, Binance will open trading for the BNB/USDC, BTC/USDC and ETH/USDC trading pairs at 2023-03-12 06:30 (UTC) . Start Trading on Binance Spot Now! Notes: Where any discrepancy ari...
Read more »
USDC Trading Dominates Record Day for DeFi Exchanges Uniswap, CurveDecentralized exchanges (DEX) Uniswap and CurveFinance recorded lifetime high trading volumes over the weekend as traders rushed to exchange token holdings, specifically USD Coin ($USDC). By shauryamalwa
Read more »
How and why do stablecoins depeg?Stablecoins are designed to maintain a ‘stable’ fixed value but sometimes fail. How does this happen, and why? Explore the world of stablecoin depegging.
Read more »
Bitcoin price flash spikes to $50K on Binance after USD Coin peg snapsSilicon Valley Bank collapse and USD Coin depeg stir up extreme Bitcoin price volatility.
Read more »
Explaining the Silicon Valley Bank Fallout and USDC De-Peg | CoinMarketCapsiliconevalleybank collapse caused $USDC to depeg from $1 over the weekend, hitting a low of $0.88. 👀 Here's a general explanation of what happened with CMC 👇 CMC will provide more updates as the story develops, so check back for more.
Read more »
$70M in Fresh On-Chain USDC Positions at Risk of Liquidation if Stablecoin Depegs by 10%USDC is back at $1 but $70 million in fresh DeFi positions are at risk of liquidation if the stablecoin drops by 10% from its peg again this week. Reporting by oknightcrypto
Read more »