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Stablecoin

(Sandali Handagama/CoinDesk)
Markets
Stablecoin
Circle USDC Rebounds From Depegging, but Stablecoin Observers See an Uncertain Future
Nearly 4 billion USDC has been removed from the circulating supply since Friday with more USDC being burned than minted, data shows.
(Sandali Handagama/CoinDesk)
By Jocelyn Yang
Mar 15, 2023 at 12:40 a.m. UTC
Mar 15, 2023
StablecoinUSDCCircle
(Liquity/Getty Images)
Markets
On-chain data
Decentralized Borrowing Protocol Liquity’s LQTY Token Soars Amid USDC Chaos
The price increase of LQTY comes amid heightened interest in stablecoins following the depegging of USD Coin and the shutdown of several crypto-friendly banks.
(Liquity/Getty Images)
By Sage D. Young
Mar 14, 2023 at 6:11 p.m. UTC
Mar 14, 2023
On-chain DataStablecoinUSDC
Silicon Valley Bank Collapse: Crypto Impact and What's Next
Video
Circle
Silicon Valley Bank Collapse: Crypto Impact and What's Next
The abrupt collapse of the Silicon Valley Bank and Signature Bank prompted U.S. regulators to impose emergency measures to protect depositors. This comes on the heels of crypt...
Silicon Valley Bank Collapse: Crypto Impact and What's Next
By CoinDesk Staff
Mar 14, 2023 at 3:30 p.m. UTC
Mar 14, 2023
CircleRegulationCryptoStablecoinExplainerUSDCSilvergateSilvergate BankSignature BankTradFiVCHedge FundSilicon Valley BankSvb financial
(Sandali Handagama/CoinDesk)
Learn
Learn
Why Stablecoin USDC’s Unstable Weekend Matters
The second-largest stablecoin in crypto has restored its dollar peg after a tumultuous weekend, but it shows how important the token is in the ecosystem.
(Sandali Handagama/CoinDesk)
By Anna Baydakova
Mar 14, 2023 at 2:22 p.m. UTC
Mar 14, 2023
Beginner
LearnBeginnerCircleStablecoinCryptocurrencyExplainerUSDC
(Timon Studler/Unsplash)
Markets
Analysis
Bitcoin Surges as Bank Client Rescue Eases Contagion Fears, Fuels Hopes for Fed Dovishness; Binance's $1B Conversion Helps, Too
Investment banking giant Goldman Sachs analysts have predicted the U.S. central bank will not raise interest rates at its next FOMC meeting on March 22, according to a report.
(Timon Studler/Unsplash)
By Jocelyn YangJames Rubin
Mar 13, 2023 at 11:03 p.m. UTC
Mar 13, 2023
AnalysisBitcoinSilicon Valley BankSignature BankMarketsEtherStablecoinTradingInvesting
MakerDAO booth at CES 2020 (Brady Dale/CoinDesk)
Finance
Makerdao
MakerDAO Weighs Using Emergency Switch to Prevent Future DAI Depegging
The community proposal comes just two days after DAI followed stablecoin USDC in slipping beneath the one-dollar mark. 
MakerDAO booth at CES 2020 (Brady Dale/CoinDesk)
By Elizabeth Napolitano
Mar 13, 2023 at 5:18 p.m. UTC
Mar 13, 2023
MakerDAODAIStablecoin
USDC Stablecoin Regains Dollar Peg After Silicon Valley Bank Collapse
Video
Cdtv
USDC Stablecoin Regains Dollar Peg After Silicon Valley Bank Collapse
The USDC stablecoin regained its peg to the U.S. dollar, according to CoinGecko, after falling below the $1 value it was supposed to hold as the federal banking and finance re...
USDC Stablecoin Regains Dollar Peg After Silicon Valley Bank Collapse
By CoinDesk Staff
Mar 13, 2023 at 5:10 p.m. UTC
Mar 13, 2023
cdtvCoinGeckoStablecoinHash clipUSDCSilicon Valley Bank
On-chain USDC liquidations (DefiLlama)
Finance
On-chain data
$70M in Fresh On-Chain USDC Positions at Risk of Liquidation if Stablecoin Depegs by 10%
Traders betting on a USDC revival are in healthy profit but downside risk remains in the event of another depeg.
On-chain USDC liquidations (DefiLlama)
By Oliver Knight
Mar 13, 2023 at 3:07 p.m. UTC
Mar 13, 2023
On-chain DataUSDCStablecoinCircleCompound
(DALL-E/CoinDesk)
Markets
Silicon valley bank
USDC Stablecoin Depegs, Crypto Market Goes Haywire After Silicon Valley Bank Collapses
USDC's normally stable price sank to 87 cents from $1 while Ethereum gas fees soared hours after the crypto-tied bank failed.
(DALL-E/CoinDesk)
By Nick Baker
Mar 11, 2023 at 5:51 a.m. UTC
Mar 11, 2023
Silicon Valley BankUSDCUSDTElon MuskStablecoin
Coinbase CEO Brian Armstrong (CoinDesk)
Finance
Stablecoin
Coinbase Pauses Conversions Between USDC and U.S. Dollars as Banking Crisis Roils Crypto
Circle earlier confirmed it has $3.3 billion backing its USDC stablecoin parked at now-shuttered Silicon Valley Bank.
Coinbase CEO Brian Armstrong (CoinDesk)
By Danny Nelson
Mar 11, 2023 at 4:14 a.m. UTC
Mar 11, 2023
StablecoinUSDCCircleCoinbaseUSDTTether