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Tag: stablecoin

Silicon Valley Bank Bailout Ruled Out By Treasury Secretary Janet Yellen

Treasury Secretary Janet Yellen said Sunday that the federal government is not considering a bailout for Silicon Valley Bank, but is focused on addressing...

Cardano’s Charles Hoskinson On Why Algorithmic Stablecoins Are Key to Resolving Constant Depegs

Advertisement &nbsp &nbsp Cardano network’s founder Charles Hoskinson has expressed support for algorithmic stablecoins in the long run, noting that they are necessary to...

Ripple CTO Says Silicon Valley Bank Was ‘Insolvent’ Even Before the Bank Run Took Place

Recently, David Schwartz, CTO at FinTech firm Ripple, explained why he believes that Silicon Valley Bank (SVB) — which was closed by Californian regulators...

“Banks Are a Risk to Fiat-backed Stablecoins,” Binance CEO Says

Binance CEO  worries about USDT and USDC following US bank collapse.  Emabattked Silicon Valley Bank has $209 billion in total assets. USDC has over...

Circle Burns Nearly $650M, Recovers From Unprecedented Crash

USDC price dropped significantly following the fall of Silicon Valley Bank (SIVB). The USDC stablecoin had a $3.3 billion exposure to the collapsed bank....

SVB Collapse Sparks Stablecoin Turmoil as USDC Loses Dollar Peg

USDC, a stablecoin linked to the greenback, misplaced its peg to the U.S. forex amid a surge of investor withdrawals after its founder,...

Circle’s USDC Reserve Exposure and Potential Risks

Circle is one of the largest issuers of stablecoins, with USDC being the second-largest stablecoin in circulation. As of January 31, 2022, the circulating...

Circle’s USDC Reserve Exposure and Potential Risks

Circle is one of the largest issuers of stablecoins, with USDC being the second-largest stablecoin in circulation. As of January 31, 2022, the circulating...

Circle To ‘Stand Behind’ USDC, Cover $3.3 Billion Shortfall Held in Silicon Valley Bank

USDC stablecoin issuer Circle has claimed that it will “cover any shortfall” caused as a result of the $3.3 billion in its funds held...

Op-ed: Why the USDC depeg is not a reason to panic

Ad The following is a guest post by Anndy Lian.The crypto industry is currently experiencing anxiety due to concerns about the potential detachment of...

Jeremy Allaire Says Circle Will Use Own Resources to Cover Shortfalls As USDC Moves Closer to Peg

Circle CEO Jeremy Allaire is speaking out for the first time following USDC‘s depeg from the dollar, which saw over $6.3 billion disappear from...

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