![]() The last time USDC saw these levels was in May 2019, when the stablecoin hit an all-time low of $0.89.Ĭircle tweeted that "While we await clarity on how the FDIC receivership of SVB will impact its depositors, Circle & USDC continue to operate normally. The trading price of USDC, which is designed to remain pegged at $1, plummeted from $1.00 to $0.93 on Friday night, according to CoinGecko. ![]() In contrast, RenQ Finance has generated significant buzz due to its unique features and anticipated 8000 gains during its presale stage. Coinbase (COIN) hit the brakes on conversions between USDC stablecoin and US dollars late Friday as fallout from Silicon Valley Banks (SIVB) collapse spread into the heart of crypto trading. Several companies have revealed their current exposure to the California-based bank, including Circle, Pantera, Avalanche AVAX/USD, and bankrupt crypto firm BlockFi. Experts believe that RENQ has more potential than these meme coins, as it is a new DeFi giant that offers innovative approaches to yield farming and liquidity provision. Top DeFi Tokens by Market Capitalization CoinMarketCap Top DeFi Tokens by Market Capitalization The DeFi crypto market cap is 50.76B, a 13.14 increase over the last day. The collapse of Silicon Valley Bank has sent shockwaves across the tech industry. The company expressed support for the bank's continuity and said it would follow the guidance provided by state and federal regulators. ![]() DeFi crypto market cap for today is 46,866,552,042.41 with a total trading volume of 2,533,976,434.44 in the last 24 hours. Circle said Silicon Valley Bank is one of six banks it uses for managing 25% of USDC reserves.Īlso read: South Dakota Governor Vetoes Bill To Exclude Bitcoin, Ethereum, Other Cryptos From Money Definition DeFi or Decentralized Finance refers to financial services that are built on top of distributed networks with no central intermediaries.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |