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Crypto Shaken as SVB Exposure Depegs $37 Billion Stablecoin
linkweb3
2023-03-11
3036
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Summary：(Bloomberg) -- The second-largest stablecoin in crypto fell from its intended $1 peg on Saturday, trading as low as 81.5 cents, hurt by the exposure of issuer Circle Internet Financial Ltd. to the collapsed Silicon Valley Bank.Most Read from BloombergSilicon Valley Bank Swiftly Collapses After Tech Startups FleeWhy Is Everyone Talking About SVB? Everything We Know About the Bank’s Collapse Right NowOne Bank Folds, Another Wobbles and Wall Street Asks If It’s a CrisisStartup Bank Had a Startup Ba
(Bloomberg) -- The second-largest stablecoin in crypto fell from its intended $1 peg on Saturday, trading as low as 81.5 cents, hurt by the exposure of issuer Circle Internet Financial Ltd. to the collapsed Silicon Valley Bank.Most Read from BloombergSilicon Valley Bank Swiftly Collapses After Tech Startups FleeWhy Is Everyone Talking About SVB? Everything We Know About the Bank’s Collapse Right NowOne Bank Folds, Another Wobbles and Wall Street Asks If It’s a CrisisStartup Bank Had a Startup Ba
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