USDC depegs as Circle confirms $3.3B stuck with Silicon Valley Bank Post author:MiamiCrypto Post published:March 11, 2023 Post category:Banks / Circle / Stablecoin / United States / USD Coin At the time of writing, USDC lost 3% of its value as it traded at $0.969, and a Circle executive envisions broader implications for business, banking and entrepreneurs without a Federal rescue plan. You Might Also Like US DOJ Charges Mining Capital Coin CEO for Allegedly Running a $62M Crypto Fraud May 9, 2022 Kazakhstan among top 3 Bitcoin mining destinations after US and China October 23, 2022 Nevada financial regulator petitions court to place Prime Trust into receivership June 27, 2023