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AMB Crypto
2023-03-13 08:13:33

Decoding USDC’s current status after an initial fall of 13%

Decoding USDC’s current status after an initial fall of 13%

USDC is gradually regaining its $1 peg after the Circle CEO confirmed that its reserves are secure and that the company has new banking partners. Allaire lauded the efforts of the U.S. government and the Federal Reserve for its $25 billion funding program. Circle’s stablecoin USD Coin (USDC) was regaining its $1 peg, at press

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