U.S. government comes to the rescue of failed banks. However, BUSD and USDC continue to suffer. The crypto community, in general, criticized the government’s bailout. Over the last few days, the collapse of Signature and the Silicon Valley Bank has impacted the financial and crypto markets quite significantly. A much-awaited response by the U.S. government […]
The crypto community, in general, criticized the government’s bailout.has impacted the financial and crypto markets quite significantly.on 12 March, which aimed at tackling the challenges being faced by the banks and their depositors.The government’s response was communicated through a joint statement from the Treasury, Federal Reserve, and FDIC .
The statement also assured depositors of the bank that they would be fully safeguarded and would be able to access their funds after 13 March. Additionally, it was mentioned that there would be no financial burden on taxpayers for resolving these banks.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Decoding the latest USDC update- Are USDT and DAI safer betsCircle’s new statement revealed that USDC was 100% collateralized with the majority of its holdings collateralized through U.S. treasury bills. Many investors sold their USDC, some, however, bought the bottom. Over the last few days, there has been a lot of FUD surrounding Circle after the firm was impacted by the bank run on Silicon […]
اقرأ أكثر »
Assessing Tron CEO Justin Sun’s take on SVB saga and USDC depeggingJustin Sun revealed his thoughts on the USDC depeg and was worried about its impact. TRX bounced courtesy of accumulation during its brief dip into oversold territory. Tron founder and CEO Justin Sun is among the blockchain industry leading figures that have weighed in on SVB saga and USDC’s depeg. The latter was not as […]
اقرأ أكثر »
Can Uniswap, Curve and Aave reap the benefits of USDC’s fallUniswap witnessed a high surge in activity due to SVB’s collapse. However, its UNI token didn’t see the same growth. The fall of SVB has brought a shockwave to many investors in the crypto community. While major firms and large stablecoin issuers faced the heat, the DEX sector of the crypto space, managed to see […]
اقرأ أكثر »
Decoding USDC’s current status after an initial fall of 13%USDC is gradually regaining its $1 peg after the Circle CEO confirmed that its reserves are secure and that the company has new banking partners. Allaire lauded the efforts of the U.S. government and the Federal Reserve for its $25 billion funding program. Circle’s stablecoin USD Coin (USDC) was regaining its $1 peg, at press […]
اقرأ أكثر »
![MakerDAO [MKR] reacts to Stablecoin contagion with this proposal](https://i.headtopics.com/images/2023/3/12/cryptoamb/makerdao-mkr-reacts-to-stablecoin-contagion-with-t-makerdao-mkr-reacts-to-stablecoin-contagion-with-t-1634819765326807040.webp?w=640)
MakerDAO [MKR] reacts to Stablecoin contagion with this proposalMakerDAO reveals an emergency proposal to reinforce its platform against stablecoin risks. USDC de-pegging inadvertently triggers demand for MKR. MakerDAO is making moves aimed at protecting against exposure to risk associated with stablecoins. This is in response to USDC’s recent de-pegging which reignited concerns about stablecoins under unfavorable market conditions. Is your portfolio green? Check […]
اقرأ أكثر »
Aave discontinues stablecoin trading on its V3 deployment- Here’s whyAave has frozen stablecoin trading on the V3 Avalanche deployment. AAVE is due for a price decline as selling pressure exceeds buying pressure. In response to the recent price volatility on stablecoins, particularly after the USD Coin (USDC) depegged on 11 March, lending protocol Aave, has suspended trading of the USDC, USDT, DAI, FRAX, and […]
اقرأ أكثر »