USDC Got Depegged Following the SVB Collapse

Written by juxtathinka | Published 2023/03/13
Tech Story Tags: usdc | stablecoin | cryptocurrency | blockchain | fiat-pegged-stablecoins | investment | hackernoon-top-story | svb | web-monetization | hackernoon-es | hackernoon-hi | hackernoon-zh | hackernoon-vi | hackernoon-fr | hackernoon-pt | hackernoon-ja | hackernoon-tr | hackernoon-ko | hackernoon-de | hackernoon-bn

TLDRUSDC lost its peg to the US dollar on Saturday, 11th March 2023. The coin dropped from $1 to a low of $0.887 in price. The market cap of the token dropped below $40 billion as a 15% decline was recorded. Other stable coins like DAI and Frax which were backed by USDC have also been depegged.via the TL;DR App
no story
Written by juxtathinka | Freelance Content Writer with a keen interest in creating the best beginner friendly blockchain content.
Published by HackerNoon on 2023/03/13
ABOUTHow hackers start their afternoons. We publish tech stories and build publishing software.

READEntirely free library read by hundreds of millions to learn anything about any technology.

WRITEHackerNoon elevates quality technology writing far and wide across the interwebs.

PARTNERHackerNoon works directly with tech companies to place ads by content relevancy