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The post DeFi Platform Maker DAO Takes Swift Action to Address $3.1B USDC Risk with Emergency Proposal appeared first on Coinpedia Fintech News
The crypto market has again met with another stablecoin collapse after UST as investors are rushing to withdraw their funds. Circle, the issuer of USD Coin (USDC), today announced that it faced challenges in withdrawing $3.3 billion from its $40 billion deposits at Silicon Valley Bank (SVB). As a result, it created panic among investors …

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