Stablecoins No More Stable: After USDC Depeg, Is Tether’s USDT in Trouble?

The post Stablecoins No More Stable: After USDC Depeg, Is Tether’s USDT in Trouble? appeared first on Coinpedia Fintech News The collapse of Silicon Valley Bank (SVB) has caused worry […]

The post Stablecoins No More Stable: After USDC Depeg, Is Tether’s USDT in Trouble? appeared first on Coinpedia Fintech News
The collapse of Silicon Valley Bank (SVB) has caused worry in the crypto industry, especially for investors who use stablecoins like USDC and USDT. Let’s see how this affects these stablecoins. USDC and SVB Circle, the company behind USDC, had $3.3 billion or 8% of its reserves at Silicon Valley Bank (SVB) before its collapse. …