USDC's setbacks are due to the fact that its issuer announced overnight that part of its reserves were held in an account with Silicon Valley Bank. "Following the confirmation at the end of ...

Despite this growth, USDC remains below its all-time high market cap of $55.9 billion from June 2022.However, the steady increase in its supply means it is back to challenging Tether USDT after ...

Ran Goldi, SVP of payments at Fireblocks, reviews the strategic moves as stablecoin issuers look to corner the market.

Circle files for NYSE IPO valued at $4-5 billion as USDC market cap hits $60 billion amid growing stablecoin adoption and ...

including the collapse of the FTX in 2022 and the failure of Silicon Valley Bank (SVB) in early 2023. SVB collapse particularly affected USDC, as the bank held around 8% of the stablecoin reserves.

Following a brief de-pegging during the Silicon Valley Bank crisis—when $3.3 billion in reserves were temporarily locked—USDC has since recovered, now boasting a $60 billion market cap.

This is a Stargate bridged USDC.e version on Fuse network. Circle announced the launch of USD Coin (USDC) on Avalanche , which is the native USDC token on the Avalanche blockchain (specifically ...