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Stablecoin USDC breaks dollar peg after firm reveals it has $3.3 billion in SVB exposure

Por: CNBC Tech March 11, 2023

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Logo of Silicon Valley Bank is at a location in San Francisco, California, U.S. March 10, 2023.Staff ReutersThe U.S. cryptocurrency firm Circle's USD Coin lost its dollar peg and fell to a record low Saturday morning after the company revealed it has nearly 8% of its $40 billion in reserves tied up at the USDC is known as a stablecoin, which means the value of the virtual currency is supposed to be pegged to a reference currency. USDC is... + full article



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