Collapse of Silvergate and Silicon Valley Bank represent a challenge for crypto

by Aurelia Butler 16 March 2023, 23:20 109 Views

In the aftermath of the banks’ collapse, the second-most liquid U.S.-dollar pegged stablecoin, USD Coin (USDC), temporarily lost its peg and fell below $0.87, as its issuer, Circle, admitted that it held $3.3 billion at SVB. Within the crypto industry, Circle is one of the better-known, “mature” players, so the news understandably shook investors, forcing many to lose their confidence in cryptocurrencies once again.

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Collapse of Silvergate and Silicon Valley Bank represent a challenge for crypto

Visits to UK’s top tourist attractions struggle to recover after pandemic

White House’s Sullivan discusses importance of investing in N.Ireland with party leaders

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