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Crypto Shaken as SVB Exposure Depegs $37 Billion Stablecoin

(Bloomberg) -- The second-largest stablecoin in crypto fell from its intended $1 peg on Saturday, trading as low as 81.5 cents, hurt by the exposure of issuer Circle Internet Financial Ltd. to the collapsed Silicon Valley Bank.Most Read from BloombergSili

Crypto Shaken as SVB Risk Depegs Second-Largest Stablecoin

(Bloomberg) -- The fallout from the failure of Silicon Valley Bank reached further into crypto, unhinging a key cog in the market that’s meant to be among the safest digital assets in the space.Most Read from BloombergStartup Bank Had a Startup Bank RunSV

Bitcoin, USDC stablecoin rally after US intervenes on SVB

SINGAPORE (Reuters) -Bitcoin and other cryptocurrencies rallied on Monday after U.S. authorities announced plans to limit the fallout from the collapse of Silicon Valley Bank (SVB) and as cryptocurrency firm Circle assured investors its peg was secure. T

Crypto firm Circle hit by Signature Bank closure

Circle, the company behind stablecoin USD Coin (USDC), plans to line up a new transaction banking partner with automated minting and redemption, possibly as early as Monday, Jeremy Allaire, Co-Founder and Chief Executive Officer of Circle said in a tweet.

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Mon,01 Apr 2024

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