In March, USDC fell significantly below its peg after the collapse of Silicon Valley Bank, a major lender to the tech industry. Circle was a customer of SVB and held $3.3 billion of its cash reserves with the bank.
In March, USDC fell significantly below its peg after the collapse of Silicon Valley Bank, a major lender to the tech industry. Circle was a customer of SVB and held $3.3 billion of its cash reserves with the bank.
