USDC, as a stablecoin, is backed by large companies, and its collapse risk is much lower than that of other stablecoins.
USDC as the leading stablecoin in the cryptocurrency space due to the fact that US-regulated banks hold its reserves and Blackrock custody a large portfolio of short-term treasuries. Although SVB's holding of $3.3 billion may not represent a total loss, it remains to be seen how Circle will manage the bank run.
To date, $2.46 billion worth of USDC has been burned, and Circle continues to operate as usual. However, Coinbase has temporarily suspended USDC redemptions for retail customers, as people started making some profits recently. Circle now has two days to restore investor confidence before the banks open on Monday.
Sharing these research findings is meant to help those who are interested in stablecoins or holding them. However, it's always important to do your own research (DYOR). If your source is Twitter, you can find both positive and negative threads and choose whichever one aligns with your perspective. Just keep in mind that there may be bias involved.
On Monday, we will have a clearer picture of how the market sentiment will ultimately affect USDC/crypto..
USDC as the leading stablecoin in the cryptocurrency space due to the fact that US-regulated banks hold its reserves and Blackrock custody a large portfolio of short-term treasuries. Although SVB's holding of $3.3 billion may not represent a total loss, it remains to be seen how Circle will manage the bank run.
To date, $2.46 billion worth of USDC has been burned, and Circle continues to operate as usual. However, Coinbase has temporarily suspended USDC redemptions for retail customers, as people started making some profits recently. Circle now has two days to restore investor confidence before the banks open on Monday.
Sharing these research findings is meant to help those who are interested in stablecoins or holding them. However, it's always important to do your own research (DYOR). If your source is Twitter, you can find both positive and negative threads and choose whichever one aligns with your perspective. Just keep in mind that there may be bias involved.
On Monday, we will have a clearer picture of how the market sentiment will ultimately affect USDC/crypto..
update on USDC from Circle CEO Jeremy Allaire
https://twitter.com/jerallaire/status/1634649346535833601
https://twitter.com/jerallaire/status/1634649346535833601
would suggest taking action and preserving your capital:
Time and tide wait for no man.
https://twitter.com/gcrclassic/status/1634654479931920390
Time and tide wait for no man.
https://twitter.com/gcrclassic/status/1634654479931920390
The Federal Deposit Insurance Corp. and the Federal Reserve are weighing creating a fund that would allow regulators to backstop more deposits at banks that run into trouble following Silicon Valley Bank’s collapse.
Regulators discussed the new special vehicle in conversations with banking executives, according to people familiar with the matter. The hope is that setting up such a vehicle would reassure depositors and help contain any panic, said the people. They asked not to be identified because the talks weren’t public.
Regulators discussed the new special vehicle in conversations with banking executives, according to people familiar with the matter. The hope is that setting up such a vehicle would reassure depositors and help contain any panic, said the people. They asked not to be identified because the talks weren’t public.
U.S. HOUSE SPEAKER MCCARTHY SAYS BIDEN ADMINISTRATION HAS THE TOOLS TO HANDLE THE SVB SITUATION / really?
Alpha
Another Big Week Ahead (with the release of CPI and Core CPI data) Next Week macro and Unlocks Calender. 13/17 | 2023
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march cumulative returns of tokens, having unlocks next week; (from calendar)...
Binance Futures Will Launch USDⓈ-M USDC Perpetual Contract with Up to 30x Leverage
$USDC
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Regarding $APT (APTOS) unlocks
The upcoming unlocks are not very significant.
Until the 12th of November 2023, about one year after TGE.
Investors & core contributors will be able to claim their first unlock, creating a 12.3% supply shock if all those tokens enter into circulation.
The upcoming unlocks are not very significant.
Until the 12th of November 2023, about one year after TGE.
Investors & core contributors will be able to claim their first unlock, creating a 12.3% supply shock if all those tokens enter into circulation.