Following Sillicon Valley Bank’s failure, information that Circle, the company that issues the USDC stablecoin, owned $3.3 billion in SVB reserves caused concern that the stablecoin was no longer completely supported. Although we are confident in the security of Circle’s reserves as of Sunday night, both centralized and decentralized marketplaces crashed down over the weekend.… Continue reading The true story of the USDC rollercoaster