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Cryptocurrency Cointelegraph

USDC depegs as Circle confirms $3.3B stuck with Silicon Valley Bank

At the time of writing, USDC had lost over 10% of its value as it traded at $0.8774, and a Circle executive envisions broader implications for business, banking and entrepreneurs without a Federal rescue plan.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

USDC depegs as Circle confirms $3.3B stuck with Silicon Valley Bank

At the time of writing, USDC had lost over 10% of its value as it traded at $0.8774, and a Circle executive envisions broader implications for business, banking and entrepreneurs without a Federal rescue plan.

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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