Sablecoin SWAP POOL Curve Finance is facing its largest daily turnover in history, exceeding $7 billion in the past 24 hours, after the collapse of Silicon Valley Bank (SVB) caused uncertainty in the sales market, decoupling the dollar coin (USDC) from the dollar.

Curve applies to key stable currency working capital pools, such as USDC, Tether (USDT), FRAX (FRAX), DAI (DAI) and TrueU.S. (TU.S.). In the past few hours, fear, doubt and uncertainty have spread in the login password sales market, causing the Defi service platform to be maladjusted by selling USDC, causing the key stable profit price to fall below the $1 hook.

USDC is the second largest stable ecosystem, with a market capitalization of more than $42 billion as of January 31, and is the collateral in many stable ecosystems. Its decoupling has done immediate harm to other stable elements, such as MakerDAO's public offering of Dai, which fell 5 per cent at the time of its launch.

To avoid a sharp sell-off, MakerDAO submitted a "risk Mitigation Agreement Emergency implementation proposal" on March 11th, seeking to ban the use of USDC to forge DAI. MakerDAO is one of the major holders of stable profits, with more than 3.1 billion USDC ($2.85 billion) of reserve pledge DAI. According to Cointelegraph, landing password whales reported serious losses, as if they had escaped from their property in order to protect their assets.

Circle, the company behind USDC, announced on March 11th that $3.3 billion of its $40 billion reserve was stranded in Silicon Valley banks, which had been shut down the day before by California's Department of Financial maintenance and Innovation. Regulators also designated the Federal Deposit Insurance Corporation (FDIC) as receiver to protect insured savings.

Dave Weisberg, co-founder and CEO of algorithmic trading service CoinRoutes, said in a message for Cointelegraph that "more comprehensive contagion material has emerged" and "the flames are likely to gradually become a reality", which will seriously harm many foreign startups and technology companies-- this is also the key area of "steady economic growth in the United States."