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 President Biden announces pick for FDIC chair November 14, 2022 Circle Urges OCC to Finalize Strong GENIUS Act Stablecoin Rules May 7, 2026 Staked ETH surpasses 23 million in June — Nansen June 28, 2023