USDC stablecoin is depegging – and at an alarming rate – falling to as low as $0.89, way off its $1 peg. Volatility is expected to continue throughout the weekend as panic sets in after the Silicon Valley Bank collapse. The failure of SVB is hurting the reserve position of USDC, which is issued by Circle. ... Read More: How USDC Stablecoin Depegging Could Break Many Crypto Firms But Bitcoin Will be Stronger
