• Latest
  • All
  • Buzz
  • Sports
  • International
  • Technology
  • Startups
  • Business
  • Entertainment
  • Blockchain
  • Crypto
  • Funding
  • Devices
  • Bollywood
  • Hollywood
  • Health
  • COVID 19
  • Finance
  • ALERTS
  • Featured
  • Politics
  • Wildlife
  • Science
USDC

USDC Dropped: Crypto Investors Withdraw $3 Billion From USDC in Last 3 Days.

March 16, 2023
Rihanna's House

Man Breaks into Rihanna’s LA Home to Propose: Police Called. [24-03-2023]

March 24, 2023
chatgpt for google

Fake ChatGPT Extension with 9000 Installations Exposed for Facebook Account Hijacking.

March 24, 2023
Mozilla New Startup

Mozilla AI Startup: Mozilla Invested $30 Million in its New Startup

March 23, 2023
dargah demolish

Dargah Demolished: Brihanmumbai Municipal Corporation Demolish Illegal Construction Dargah After Raj Thackeray’s warning

March 23, 2023
Newborn Killed

Jharkhand Police Raid Tragedy: 4-day-old Baby Crushed to Death by Police During Raid.

March 23, 2023
Dima Nova Died

A 34-Years-Old Russian Pop Star, Dima Nova, Who Criticized Putin, Found Dead

March 22, 2023
Sandstorm in Beijing

[Video] Sandstorm in Beijing, Visibility is Less Than 1 KM, Battling Against Worsening Air Quality So Far.

March 22, 2023
  • About Us
  • Advertise
  • Contact Us
Friday, March 24, 2023
  • Login
The Buzz News Logo
  • Home
  • ALERTS
    Newborn Killed

    Jharkhand Police Raid Tragedy: 4-day-old Baby Crushed to Death by Police During Raid.

    Sandstorm in Beijing

    [Video] Sandstorm in Beijing, Visibility is Less Than 1 KM, Battling Against Worsening Air Quality So Far.

    Earthquake

    Earthquake Alert: Strong Tremors Felt in North India

    Mahindra Acquired MITRA

    Mahindra Acquired MITRA Agro Equipments By Buying Another 47.33 Percent Stake From Omnivore

    Sikh Student Assaulted

    Sikh Student Assaulted In Canada: Ripped his Turban and Dragged from his Hair.

    Trending Tags

    • BUZZ
      Newborn Killed

      Jharkhand Police Raid Tragedy: 4-day-old Baby Crushed to Death by Police During Raid.

      Sandstorm in Beijing

      [Video] Sandstorm in Beijing, Visibility is Less Than 1 KM, Battling Against Worsening Air Quality So Far.

      Earthquake

      Earthquake Alert: Strong Tremors Felt in North India

      Mahindra Acquired MITRA

      Mahindra Acquired MITRA Agro Equipments By Buying Another 47.33 Percent Stake From Omnivore

      Sikh Student Assaulted

      Sikh Student Assaulted In Canada: Ripped his Turban and Dragged from his Hair.

    • Blockchain
      • Crypto
    • Business
      • Finance
    • Entertainment
      • Bollywood
      • Hollywood
    • International
      • Politics
      • Sports
    • Startups
      • Funding
    • Technology
    • Web Stories
    No Result
    View All Result
    The Buzz News Logo Sticky
    • Home
    • ALERTS
      Newborn Killed

      Jharkhand Police Raid Tragedy: 4-day-old Baby Crushed to Death by Police During Raid.

      Sandstorm in Beijing

      [Video] Sandstorm in Beijing, Visibility is Less Than 1 KM, Battling Against Worsening Air Quality So Far.

      Earthquake

      Earthquake Alert: Strong Tremors Felt in North India

      Mahindra Acquired MITRA

      Mahindra Acquired MITRA Agro Equipments By Buying Another 47.33 Percent Stake From Omnivore

      Sikh Student Assaulted

      Sikh Student Assaulted In Canada: Ripped his Turban and Dragged from his Hair.

      Trending Tags

      • BUZZ
        Newborn Killed

        Jharkhand Police Raid Tragedy: 4-day-old Baby Crushed to Death by Police During Raid.

        Sandstorm in Beijing

        [Video] Sandstorm in Beijing, Visibility is Less Than 1 KM, Battling Against Worsening Air Quality So Far.

        Earthquake

        Earthquake Alert: Strong Tremors Felt in North India

        Mahindra Acquired MITRA

        Mahindra Acquired MITRA Agro Equipments By Buying Another 47.33 Percent Stake From Omnivore

        Sikh Student Assaulted

        Sikh Student Assaulted In Canada: Ripped his Turban and Dragged from his Hair.

      • Blockchain
        • Crypto
      • Business
        • Finance
      • Entertainment
        • Bollywood
        • Hollywood
      • International
        • Politics
        • Sports
      • Startups
        • Funding
      • Technology
      • Web Stories
      No Result
      View All Result
      The Buzz News
      No Result
      View All Result
      Home Blockchain Crypto

      USDC Dropped: Crypto Investors Withdraw $3 Billion From USDC in Last 3 Days.

      by Shubham Dayal
      March 16, 2023
      in Crypto, Finance
      Reading Time: 2 mins read
      USDC

      The Buzz News on Google News

      Share on FacebookShare on TwitterShare on WhatsApp

      Crypto Investors withdraw around $3 million from the stablecoin USDC in the last three days. The company shared in its blog post; The investors were rushed to redeem their holdings from the collapse of Silicon Valley Bank. USD Coin broke its peg on Saturday after the circle revealed that $3.3 billion of the coin’s reserves were in Silicon Valley Bank.

      USDC Dropped to $0.88

      The USDC dropped to $0.88 as per the Coingecko data but later increased to $1 after the circle announced the new banking relationship with Cross River Bank to allow automatic stablecoin redemption.

      RelatedPosts

      General Bytes Crypto Hack: Hackers Exploit Zero-Day Security Flaw to Steal $1.6 Million from Bitcoin ATMs.

      Karnataka Launches Seed Funds For Technology Startups to Invest Beyond Bengaluru

      Stablecoins like USDC and USDT are designed to maintain the constant exchange rate with traditional currencies. USD Coin is the second biggest stablecoin with a market cap of $37.6 billion.

      USDC

      Also Read: U.S Department of Justice Cracks Down on Forsage Crypto Scam, Indicts Founders for $340M Scheme.

      In the last three days, investors pulled $3 billion of USD Coin and created around $0.8 billion in new tokens due to the investors’ $3.8 million token redemptions. The instantaneous outflow after US bank regulators issued a new warning to the banks that crypto-related bank deposits are subject to liquidity risks. The Regulators highlighted that warranties related to the stablecoins create danger in the market if they make quick redemption requests.

      In the last week, Investors withdrew a total of $6 billion from the coin, which highly impacted the liquidity of USDC.

      Circle said they are making continuous efforts to introduce new banking partners. However, one Analyst said USDC is losing its peg, which links crypto to the traditional currency, and recommends financial institutions reconsider working with the Stablecoins.

      Tags: StablecoinsUSDCUSDC Dropped
      ShareTweetSend
      Previous Post

      [Watch Video] Jodhaa Akbar’s Actor Aman Dhaliwal’s Shocking Gym Attack in the US.

      Next Post

      Poland to be 1st NATO Member Who Supports Ukraine with Fighter Jets

      Next Post
      Poland Sending Fighter Jets to Ukraine

      Poland to be 1st NATO Member Who Supports Ukraine with Fighter Jets

      Covid-19 New Variant

      Israel on high alert as New COVID-19 variant is identified

      0 0 votes
      Article Rating
      Subscribe
      Login
      Notify of
      guest

      guest

      0 Comments
      Inline Feedbacks
      View all comments

      RECOMMENDED

      chatgpt for google
      Technology

      Fake ChatGPT Extension with 9000 Installations Exposed for Facebook Account Hijacking.

      March 24, 2023
      The Buzz News on Google News

      Categories

      • ALERTS (42)
      • Blockchain (4)
      • Bollywood (3)
      • Business (73)
      • Buzz (92)
      • COVID 19 (3)
      • Crypto (7)
      • Devices (5)
      • Entertainment (13)
      • Featured (59)
      • Finance (19)
      • Funding (18)
      • Health (5)
      • Hollywood (10)
      • International (67)
      • Politics (27)
      • Science (4)
      • Sports (9)
      • Startups (7)
      • Technology (63)
      • Wildlife (10)

      TRENDING

      Khalistani Protestors

      [Video] Shameful Act of Khalistani Protestors: Indian Flag Torn Down in UK, India Forced to Summon UK Diplomat.

      March 20, 2023
      Foreign Trade

      India Discourage Settle Foreign Trades in Chinese Yuan

      March 13, 2023
      Pathan box office collection worldwide

      Shah Rukh Khan’s Pathaan: Breaking Box Office Records Globally | Causes Theater Chaos: Cinemas Are Not Issuing Further Tickets

      January 29, 2023
      The Buzz News Header Logo Transparent

      This website follows the DNPA Code of Ethics.

      TOPICS

      • ALERTS (42)
      • Blockchain (4)
      • Bollywood (3)
      • Business (73)
      • Buzz (92)
      • COVID 19 (3)
      • Crypto (7)
      • Devices (5)
      • Entertainment (13)
      • Featured (59)
      • Finance (19)
      • Funding (18)
      • Health (5)
      • Hollywood (10)
      • International (67)
      • Politics (27)
      • Science (4)
      • Sports (9)
      • Startups (7)
      • Technology (63)
      • Wildlife (10)
      • About
      • Contact
      • Advertise
      • Privacy
      • Disclaimer

      © 2023 The Buzz News | All Rights Reserved
      A venture of Orcapex Media

      No Result
      View All Result
      • Home
      • ALERTS
      • BUZZ
      • Blockchain
        • Crypto
      • Business
        • Finance
      • Entertainment
        • Bollywood
        • Hollywood
      • International
        • Politics
        • Sports
      • Startups
        • Funding
      • Technology
      • Web Stories

      © 2023 The Buzz News | All Rights Reserved
      A venture of Orcapex Media

      Welcome Back!

      Login to your account below

      Forgotten Password?

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      wpDiscuz
      0
      0
      Would love your thoughts, please comment.x
      ()
      x
      | Reply
      This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.