The second-largest stablecoin USDC, issued by Circle Financial, fell below $0.90, reaching a low of $0.877 per coin.
We are temporarily pausing purchases using USDC on Ethereum and Polygon. We have also paused loads to the BitPay Card in the app. Further updates will follow here.Following the depegging of USDC, several major crypto exchanges, including Binance and Coinbase, have suspended USDC trades.
on Saturday. “We will continue to evaluate the situation and plan to resume USDC trading as soon as possible.”five different stablecoin projects , including GUSD, DAI, FRAX, USDP, and USDD. FRAX is currently trading for $0.91, USDD is swapping for $0.94, USDP is trading for $0.95, DAI is changing hands for $0.92, and GUSD is trading for $0.97 per unit. The largest stablecoin by market capitalization,
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USDC Issuer Circle Says it 'Awaits Clarity' From FDIC on Silicon Valley Bank CollapseCircle declined to specify how much of the cash backing USDC is stuck at Silicon Valley Bank in its first statement since the tech lender's collapse. realDannyNelson reports
Read more »
USDC Stablecoin Depegs From $1; Circle Says Operations Are Normal.circle's $USDC, the second-largest stablecoin, dropped to $0.973 on Kraken, depegging from the U.S. dollar Friday amid fallout from SVB_Financial's collapse. Circle says its operations are normal. reports
Read more »
Circle Confirms $3.3B of USDC's Cash Reserves Stuck at Failed Silicon Valley BankCircle said Friday that $3.3 billion in cash – roughly 7.5% of USDC's total reserves – remain at failed Silicon Valley Bank. sndr_krisztian reports
Read more »