March 27, 2023

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USDC bounces back toward $1 peg after Fed announcement

USDC bounces back toward $1 peg after Fed announcement
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDMvN2Q0NTgzMTctZTVhOS00OTQzLWFjNTctOTc2NGExZDM3MjkzLmpwZWc=.jpeg"></p><p>Positive developments concerning Circle's $3.3 billion worth of reserves held at Silicon Valley Bank and its new banking partners have seen USDC climb back toward its $1 peg. </p>

Positive developments concerning Circle’s $3.3 billion worth of reserves held at Silicon Valley Bank and its new banking partners have seen USDC climb back toward its $1 peg.