The incident caused USDC to briefly depeg from the US dollar, leading to a massive sell-off by several holders who opted for USDT. Interestingly, USDT also recorded around 50% growth in its market ...
Circle’s USD Coin (USDC) reached a $56.3 billion market capitalization on Feb. 10, according to CoinGecko data, erasing the losses it sustained during the most recent bear market. The $56.3 ...
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Ethena Labs closes proof of reserves oracle deal after Bybit hack caused weekend depeg scareThe instability caused it to plunge to 0.982 against USDT and 0.988 against USDC, as investors worried that the protocol was disproportionately exposed to Bybit’s ether (ETH) derivatives market.
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