Banking Crisis: Coinbase Pauses Conversions Between USDC and U.S. Dollars
The crypto exchange Coinbase has announced that it is temporarily pausing conversions between USDC stablecoin and US dollars due to the collapse of Silicon Valley Bank (SIVB). This news follows the earlier confirmation by Circle that it has $3.3 billion backing its USDC stablecoin parked at the now-shuttered bank. What Is USDC? USDC…
Banking Crisis: Coinbase Pauses Conversions Between USDC and U.S. Dollars The crypto exchange Coinbase has announced that it is temporarily pausing conversions between USDC stablecoin and US dollars due to the collapse of Silicon Valley Bank (SIVB). This news follows the earlier confirmation by Circle that it has $3.3 billion backing its USDC stablecoin parked at the now-shuttered bank. What Is USDC? USDC… blockchain
Banking Crisis Coinbase Pauses Conversions USDC US Dollars crypto exchange Coinbase announced temporarily pausing conversion USDC stablecoin US dollar due collapse Silicon Valley Bank SIVB news follows earlier confirmation Circle 33 billion backing USDC stablecoin parked nowshuttered bank USDC USDC… blockchain