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 Neither Jewelry nor Cash: Afghans Looking to Crypto for Preserving Their Wealth April 25, 2022 Ripple Submits Form C in SEC Case, Highlighting 4 Key Issues: Details October 25, 2024 How These 3 European Central Banks Are Working to Undermine Bitcoin February 1, 2024