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Crypto: Stablecoin USDC faces $3.3 billion exposure to Silicon Valley Bank
Crypto exchange Coinbase said Friday it is temporarily suspending the conversion between stablecoin USDC and USD over the weekend, after the stablecoin’s creator Circle said about $3.3 billion, or more than 8% of over $40 billion USDC reserves, are held at Silicon Valley Bank, which collapsed on Friday. Read Full Story The post Crypto: Stablecoin USDC faces $3.3 billion exposure to Silicon Valley Bank appeared first on ForexTV...
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Posted: Mar 11 2023, 10:27
Author Name: forextv
Views: 110820