In an official statement, USDC issuer Circle stated that it would resume normal operations from Monday and that the stablecoin will be redeemable one-for-one with
Tag: Peg
USDC Dollar Peg Takes Major Hit Amid High Volatility
Circle, the issuer of the USDC stablecoin is facing massive heat from the shutdown of the Silicon Valley Bank (SVB) on Friday, March 10. Circle
Terra’s UST Peg Was Maintained Artificially, Not By Algorithm?
Terra’s indigenous stablecoin, the TerraUSD (UST), was once touted to be an engineering marvel in the blockchain sector. With its unique, dual token system–it behaved