Recent contagion was ‘TradFi to crypto’ and not vice versa — Circle policy director

by Aurelia Butler 13 March 2023, 22:40 179 Views

Speaking on March 13 at a South by Southwest (SXSW) panel in Austin, Texas, on regulating cryptocurrencies, Hill alluded to some of the concerns around the depegging of Circle-issued USD Coin (USDC) amid reports the firm held more than $3 billion in reserves at Silicon Valley Bank. The price of the stablecoin dropped roughly 10% on March 10 before repegging to $1 on March 13.

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Source: Cryptocurrency - investing.com

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Recent contagion was ‘TradFi to crypto’ and not vice versa — Circle policy director

Stocks making the biggest moves after hours: GitLab, United Airlines, First Republic Bank and more

Australia consumer mood stuck in the doldrums in March

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