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Stablecoin USDC breaks dollar peg after revealing $3.3 billion... Economy
score: +1
score: -1
score: 2, Economy, 2023-03-11 17:05:54, published by CNN
Stablecoin USD Coin (USDC) lost its dollar peg and slumped to an all-time low on Saturday after Circle, the US firm behind the coin, revealed some of the reserves backing it were held at Silicon Valley Bank. [additional details]