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Coinbase, Binance Suspend USDC Conversions as Dollar Peg Wobbles

After Circle disclosed how much of its USDC stablecoin is backed by reserves held by Silicon Valley Bank, exchanges show caution signs.

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Coinbase, Binance Suspend USDC Conversions as Dollar Peg Wobbles
After Circle disclosed how much of its USDC stablecoin is backed by reserves held by Silicon Valley Bank, exchanges show caution signs.

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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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