As the fallout from Silicon Valley Bank’s failure spread, Circle Internet Financial’s USDC stablecoin, the second-largest stablecoin with a $42 billion market cap, has depegged from its 1 dollar peg The USDC stablecoin went as low as $0.88, the pair’s lowest price since April 2021. This occurred shortly after USD Coin (USDC) issuer Circle disclosed … Continue reading The real reason why USDC depegged