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Stablecoin

USDC Stablecoin Regains Dollar Peg After Silicon Valley Bank Collapse
Video
Cdtv
USDC Stablecoin Regains Dollar Peg After Silicon Valley Bank Collapse
The USDC stablecoin regained its peg to the U.S. dollar, according to CoinGecko, after falling below the $1 value it was supposed to hold as the federal banking and finance re...
USDC Stablecoin Regains Dollar Peg After Silicon Valley Bank Collapse
By CoinDesk Staff
Mar 13, 2023 at 5:10 p.m. UTC
Mar 13, 2023
cdtvCoinGeckoStablecoinHash clipUSDCSilicon Valley Bank
On-chain USDC liquidations (DefiLlama)
Finance
On-chain data
$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 (DefiLlama)
By Oliver Knight
Mar 13, 2023 at 3:07 p.m. UTC
Mar 13, 2023
On-chain DataUSDCStablecoinCircleCompound
(DALL-E/CoinDesk)
Markets
Silicon valley bank
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.
(DALL-E/CoinDesk)
By Nick Baker
Mar 11, 2023 at 5:51 a.m. UTC
Mar 11, 2023
Silicon Valley BankUSDCUSDTElon MuskStablecoin
Coinbase CEO Brian Armstrong (CoinDesk)
Finance
Stablecoin
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.
Coinbase CEO Brian Armstrong (CoinDesk)
By Danny Nelson
Mar 11, 2023 at 4:14 a.m. UTC
Mar 11, 2023
StablecoinUSDCCircleCoinbaseUSDTTether
Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)
Finance
Stablecoin
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.
Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)
By Krisztian Sandor
Mar 11, 2023 at 3:52 a.m. UTC
Mar 11, 2023
StablecoinUSDCCircleSilicon Valley Bank
Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)
Markets
Markets
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)
By Krisztian Sandor
Mar 11, 2023 at 1:01 a.m. UTC
Mar 11, 2023
MarketsStablecoinUSDCCircleNansenInvestingTrading
Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)
Finance
Curve
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)
By Danny Nelson
Mar 10, 2023 at 10:51 p.m. UTC
Mar 10, 2023
CurveStablecoinSilicon Valley BankOn-chain Data
(Sandali Handagama/CoinDesk)
Markets
Stablecoin
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.
(Sandali Handagama/CoinDesk)
By Krisztian Sandor
Mar 10, 2023 at 7:35 p.m. UTC
Mar 10, 2023
StablecoinCircleUSDCReservesMarketsTradingInvestingSilvergate BankSilicon Valley BankSignature Bank
(Getty Images)
Finance
Stablecoin
DeFi Stablecoin Exchange mStable Expects 4 Buyout Bids: Source
“We've been working for four weeks actively trying to pursue a M&A route,” protocol’s strategy lead says.
(Getty Images)
By Danny Nelson
Mar 10, 2023 at 4:56 p.m. UTC
Mar 10, 2023
StablecoinDeFimergers and acquisitions
Arthur Hayes Proposes Bitcoin-Backed Stablecoin 'NakaDollar'
Video
Arthur hayes
Arthur Hayes Proposes Bitcoin-Backed Stablecoin 'NakaDollar'
Arthur Hayes, a co-founder of crypto exchange BitMEX, has proposed NakaDollar (NUSD), a stablecoin backed by bitcoin (BTC) and bitcoin derivatives, which would theoretically b...
Arthur Hayes Proposes Bitcoin-Backed Stablecoin 'NakaDollar'
By CoinDesk Inc
Mar 9, 2023 at 6:03 p.m. UTC
Mar 9, 2023
Arthur HayesBitMEXcdtvStablecoinHash clipNakadollarNusd