USDC Depeg’s, currently at .92cents, Circle Confirms $3.3B Stuck with Silicon Valley Bank

Circle, the company behind USDC, the second-largest stablecoin in circulation, recently confirmed that its cash reserves worth $3.3 billion(alleged 9.8 billion from Deloitte audit ) have been stuck with Silicon Valley Bank (SVB), which was taken over by regulators and…

Stablecoin Issuer Paxos in a Pickle by SEC

Paxos, a New York-based technology and financial company, is in a pickle after the Security and Exchange Commission (SEC) stated that it plans to sue the company for regulatory violations over its issuance of a stablecoin.  This seems to be…

Is USDC the Most Promising Regulatory-compliant Stablecoin?

The cryptocurrency space has its share of bad actors. This is one of the reasons a lot of investors are having second thoughts about dipping their toes in digital assets. Circle’s USDC stablecoin is being marketed as one of the…

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