In a week that saw another crypto-friendly bank falter and USDC lose its peg, Bitcoin is trading at nine-month highs. Reporting via forgeforth_
. Circle lost significant market share over the past week due to ongoing
redemptions. ’s market cap currently stands at $38.4 billion, less than half of rival Tether, whose USDT is valued at nearly $73.6 billion.SVB wasn’t the only crypto-friendly bank collapse this week. On March 12, the Manhattan-basedby the New York Department of Financial Services, allegedly to protect the U.S. economy and strengthen the public’s confidence in the banking system.
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