stablecoin

(Sandali Handagama/ CoinDesk)
Why Stablecoin USDC’s Unstable Weekend Matters
The second-largest stablecoin in crypto has restored its dollar peg after a tumultuous weekend, but it shows how important the token is in the ecosystem.
(Sandali Handagama/ CoinDesk)

Crypto markets jumped in response to slowing U.S. inflation. (Timon Studler/Unsplash)
Bitcoin Surges as Bank Client Rescue Eases Contagion Fears, Fuels Hopes for Fed Dovishness; Binance's $1B Conversion Helps, Too
Investment banking giant Goldman Sachs analysts have predicted the U.S. central bank will not raise interest rates at its next FOMC meeting on March 22, according to a report.
Crypto markets jumped in response to slowing U.S. inflation. (Timon Studler/Unsplash)

ces 2020 dai makerdao
MakerDAO Weighs Using Emergency Switch to Prevent Future DAI Depegging
The community proposal comes just two days after DAI followed stablecoin USDC in slipping beneath the one-dollar mark. 
ces 2020 dai makerdao

On-chain USDC liquidations (Defi Llama)
$70M in Fresh On-Chain USDC Positions at Risk of Liquidation if Stablecoin Depegs by 10%
Traders betting on a USDC revival are in healthy profit but downside risk remains in the event of another depeg.
On-chain USDC liquidations (Defi Llama)

Crypto trader during a panic
USDC Stablecoin Depegs, Crypto Market Goes Haywire After Silicon Valley Bank Collapses
USDC's normally stable price sank to 87 cents from $1 while Ethereum gas fees soared hours after the crypto-tied bank failed.
Crypto trader during a panic

CDCROP: Brian Armstrong CEO Coinbase (CoinDesk)
Coinbase Pauses Conversions Between USDC and U.S. Dollars as Banking Crisis Roils Crypto
Circle earlier confirmed it has $3.3 billion backing its USDC stablecoin parked at now-shuttered Silicon Valley Bank.
CDCROP: Brian Armstrong CEO Coinbase (CoinDesk)

CDCROP: Circle CEO Jeremy Allaire is part of the consortium behind USDC (Danny Nelson/CoinDesk)
Circle Confirms $3.3B of USDC's Cash Reserves Stuck at Failed Silicon Valley Bank
Silicon Valley Bank, one of the reserve banking partners for Circle's USDC stablecoin, was shut down by regulators on Friday.
CDCROP: Circle CEO Jeremy Allaire is part of the consortium behind USDC (Danny Nelson/CoinDesk)

Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)
Circle’s USDC Endured $1B of Net Redemptions Since Silicon Valley Bank's Shutdown
Stablecoin issuer Circle held an undisclosed amount of USDC’s cash reserves at now-failed Silicon Valley Bank.
Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)

Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)
DeFi Protocol Curve’s $500M Stablecoin Pool Hammered as Traders Flee USDC
The collapse of Silicon Valley Bank is causing turmoil in crypto stablecoin markets.
Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)

Stablecoin issuer Circle is launching a new token backed by the euro in the U.S. (Sandali Handagama/ CoinDesk)
Scrutiny Falls on $43B USDC Stablecoin’s Cash Reserves at Failed Silicon Valley Bank
Circle’s USDC, the second-largest stablecoin, with $43 billion market capitalization, held an undisclosed part of its $9.8 billion cash reserves at failed Silicon Valley Bank.
Stablecoin issuer Circle is launching a new token backed by the euro in the U.S. (Sandali Handagama/ CoinDesk)