Hayden Adams, the founder of Uniswap, is convinced that banks are “massive scams” compared to decentralized finance (DeFi) protocols. Hayden Adams Thinks Banks Are Scams
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314M USDC sent to null address as redemptions begin: Report
The token is on the verge of restoring its 1:1 peg with the U.S. dollar after falling to a historic low of $0.87 per token
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USDC bounces back toward $1 peg after Fed announcement
Positive developments concerning Circle’s $3.3 billion worth of reserves held at Silicon Valley Bank and its new banking partners have seen USDC climb back toward
Read moreIs Moody’s Ratings Downgrade The Reason Why Silicon Valley Bank Fell?
The collapse of Silicon Valley Bank and news that Circle, the issuer of USDC, was exposed to the tech lender has caused reverberations across the
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Insolvency fears led many to turn to other stablecoins, sell USDC at a major discount
Several USD Coin holders have fled to other stablecoins amid fears surrounding its solvency.
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Circle plans to cover missing liquidity in Silicon Valley Bank with corporate funds
According to Circle, USDC liquidity operations will “resume as normal when banks open on Monday morning in the United States,” enabling USDC redemption at 1:1
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