By News Room
As reported by The Wall Street Journal, USD Coin, a cryptocurrency considered “stable” because it is theoretically pegged to the dollar, fell in value after its management company revealed that it held $3.3 billion in the failed Silicon Valley Bank (SVB). Scared investors took in more than $2 billion from USDC, according to the publication. […]
The post USDC Cryptocurrency Trapped Due to SVB Bankruptcy appeared first on The Eastern Herald.
Source: USDC Cryptocurrency Trapped Due to SVB Bankruptcy
