14 ms·
1 USDC == 1 USD
- capableweb 4y agoRelated: - https://news.ycombinator.com/item?id=35104866 https://news.ycombinator.com/item?id=35104866 - $3.3B of the ~$40 billion of USDC reserves remain at SVB - https://news.ycombinator.com/item?id=35112336 https://news.ycombinator.com/item?id=35112336 - An Update on USDC and Silicon Valley Bank - https://news.ycombinator.com/item?id=35108298 https://news.ycombinator.com/item?id=35108298 - USDC Down ~10% - https://news.ycombinator.com/item?id=35108711 https://news.ycombinator.com/item?id=35108711 - USDC depegs as Circle confirms $3.3B stuck with Silicon Valley Bank Seems the depeg recovered after ~2-3 days, it was below 1 USD from Friday until Monday and seems to start to recover when the federal government announced every depositor of SVB would be made whole.
- rvz 4y agoWell that was a giant nothing. Like I said before [0] it obviously regained it's peg. Took advantage of the panic and bought it as soon as it went down to 0.9c and wanted it to drop further. The hysteria was nothing more than a leaf falling out of a tree. [0] https://news.ycombinator.com/item?id=35108665 https://news.ycombinator.com/item?id=35108665