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{EMAIL}, Stable coin USDC loses billion 1 peg after revealing dollar 3 billion exposure to SVB

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accountfour.com

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newsletters@accountfour.com

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Sun, Mar 12, 2023 10:05 AM

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  Stablecoin USD Coin USDC lost its dollar 1 peg and reached record low on Saturday. The devel

 [Stablecoin USDC loses doller 1 peg after revealing dollar 3 billion exposure to SVB](  Stablecoin USD Coin USDC lost its dollar 1 peg and reached record low on Saturday. The development came after Circle the company behind the stablecoin revealed it has dollar 3 billion of USDC reserves at the collapsed Silicon Valley Bank. The stablecoin later recovered most of its losses after Circle said USDC will remain redeemable 1 for 1 with the US dollar [More Information]( To stop receiving these emails, [Unsubscribe](

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