USDC Price Drop - LIVE Breaking News Coverage (USD Coin Depegs)

USDC (USD Coin), the second largest stablecoin, has dropped in price & depegged from the dollar in the aftermath the Silicon Valley Bank collapse. Get the latest on the USDC price drop in our LIVE breaking news coverage.

USDC (USD Coin) is a type of cryptocurrency known as a stablecoin, which is supposed to maintain a constant value of $1.00. But Circle, the firm that manages USDC, revealed tonight that it had $3.3 billion in deposits at Silicon Valley Bank, which failed Friday. The price of USDC is dropping and has become depegged from the dollar. In this interactive live stream, host Steve Lookner brings you the latest on the USDC price drop and depeg, and he’ll also read your comments and questions on the air!

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