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Do Kwon had the right idea, banks are risk to fiat-backed stablecoins: CZ

Do Kwon had the right idea, banks are risk to fiat-backed stablecoins: CZ
Given Silicon Valley Bank's direct involvement in destabilizing USDC prices, CZ blamed banks for increasing the risks of stablecoins.
 
Circle zal "elk tekort" in USDC-reserves dekken, koers stijgt direct
Gisteren kon je in het altcoin nieuws lezen dat USD Coin (USDC), de op-een-na-grootste stablecoin die wordt uitgegeven door Circle, zijn koppeling met de Amerikaanse dollar verloor. Op sommige crypto exchanges was de koers van USDC zelfs gedaald tot een dieptepunt van $0,87. Deze crash had alles te maken met de aanzienlijke blootstelling van Circle […]
 
Circle Commits to Covering USDC Shortfalls – Ensures Redemption at 1:1 with USD
USDC issuer Circle has pledged to cover any shortfall in the stablecoin's reserves if it does not receive the entirety of the $3.3 billion held at now-collapsed Silicon Valley Bank. In a Saturday blog post, Circle said that the company is prepared to cover any shortfall in the USDC reserves that materialize from their exposure to SVB using corporate resources, which might even involve external capital.... Read More: Circle Commits to Covering USDC Shortfalls – Ensures Redemption at 1:1 with USD
 
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