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Tag: Dollar Peg

Coinbase Proposes Creating Inflation-Pegged Stablecoins on Base Network

Coinbase wants developers to create a decentralized stablecoin on its Layer 2 network that will put purchasing power back in the hands of...

How Top Stablecoins Depegged After The Second Largest US Bank Failure

It was a wild weekend for stablecoins. USDC depegged from a dollar to as low as $0.88 on Saturday, before bouncing fully back to...

Can Circle [USDC] Turn Things Around With New Plan? All You Need to Know

Circle had its most difficult week of the year after USD Coin lost its dollar peg. Although it has subsequently...

Circle’s Stablecoin USDC Affected by Collapsed Bank

Circle CEO and co-founder Jeremy Allaire revealed that the stablecoin issuer had been able to access its $3.3 billion in funds held with Silicon...

Here Are the Stablecoins That Thrived as USDC Wobbled

USD Coin (USDC) holders had a long weekend, but fans of several other stablecoins saw a sudden, dramatic spike in the market capitalizations of...

Crypto Market Signals Bullish with Recent USDC, SHIB & ETH Rally

30 mins ago | 2 mins read Altcoin News The top trending coins are...

Top Altcoins Set for a Massive Breakout This Week, Experts Reveal Potential Levels

In the past week, crypto investors experienced trauma as several macro events caused a significant loss of funds from the global market cap. The...

Circle says US$3.3 bln USDC reserve at SVB available Monday, announces partnership with Cross River

Stablecoin issuer Circle Internet Financial said Monday the US$3.3 billion in USD Coin (USDC) reserve deposits held at the failed Silicon Valley Bank will...

Bitcoin jumps more than 9% as U.S. acts to protect deposits at crypto-linked banks

Bitcoin and Ether led a strong price rebound in the top 10 non-stablecoin cryptocurrencies in morning trading in Asia as U.S. banking regulators took...

Crypto Market Rallies on FDIC Banking Intervention, USDC Regains Dollar Peg

The market cap of all cryptocurrencies is back above the $1 trillion mark.After a joint statement from the Federal Reserve, U.S. Treasury, and FDIC...

Circle Burns Nearly $650M, Recovers From Unprecedented Crash

USDC price dropped significantly following the fall of Silicon Valley Bank (SIVB). The USDC stablecoin had a $3.3 billion exposure to the collapsed bank....

SVB Collapse Sparks Stablecoin Turmoil as USDC Loses Dollar Peg

USDC, a stablecoin linked to the greenback, misplaced its peg to the U.S. forex amid a surge of investor withdrawals after its founder,...

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