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USDC Stablecoin Depegs, Crypto Market Goes Haywire After Silicon Valley Financial institution Collapses

by SB Crypto Guru News
March 12, 2023
in Bitcoin
Reading Time: 1 min read
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Crypto was born within the aftermath of – and, to some, in response to – the 2008 disaster. Satoshi Nakamoto’s Bitcoin paper debuted right into a world the place governments had simply propped up the monetary system by pouring cash into it. Crypto lacks such a centralized authority. If SVB clients, together with Circle and its USDC stablecoin, are compelled to take a haircut on their cash, the repercussions are unclear.



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Tags: BankBitcoin NewsCollapsesCryptoCrypto NewsCrypto UpdatesDePegsHaywireLatest News on CryptoMarketSB Crypto Guru NewsSiliconstablecoinUSDCValley
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