Circle USDC Rebounds From De-Pegging, but Stablecoin Observers See an Uncertain Future
Investors fled three days ago when Circle-issued USDC failed to keep its peg against the U.S. dollar. Messari data suggests.
Investors fled three days ago when Circle-issued USDC failed to keep its peg against the U.S. dollar. Messari data suggests.
During the stablecoin crisis earlier this week, which saw the value of USDC, the second-largest stablecoin by market capitalization, drop.
As state officials closed Signature Bank on Sunday to “protect depositors,” Signet, a real-time payments platform popular with institutional crypto.
Circle The CEO of USDC, Jeremy Allaire, stated on Twitter that the organization’s reserves are “safe and secure,” and that.
After assurance from CEO Jeremy Allaire that its reserves are secure and the company has new banking partners lined up.
According to the WEF report, Deutsche Bank intends to launch a cryptocurrency custody platform and related crypto services.
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