Stablecoin USDC Nearly Rebounds After Collapse Thanks To Help From US Regulators

Stablecoin USD Coin (USDC) lost its peg to the US dollar at the end of last week after news of the collapse of Silicon Valley Bank (SVB) – this institution held a reserve for this cryptocurrency of $ 3.3 billion. Now the stablecoin has almost recovered amid reports from Circle USDC issuer Internet Financial that the reserve will be “fully available” on Monday. Image Source: Pixabay