Stablecoins $USDC and $DAI Lose Their Peg to The Dollar

A New Wave Of Panic In The Crypto Market

Published in

The Crypto Kiosk

6 min readMar 11

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Cover Picture on Pixabay

Centralized stablecoin $USDC is in jeopardy after the bankruptcy of Circle’s partner and crypto-friendly bank, Silicon Valley Bank, caused a chain reaction.

The SVB collapse created a $3.3 Billion gap in USDC’s accounting books. USDC is issued and managed by a Coinbase-Circle…

Pantera

Written by Pantera

Editor for

The Crypto Kiosk

Sharing my 6 years of crypto experience. I write for my audience, not for publication editors.

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