Milestone
Ethereum (stablecoin)
2023
USDC Depegs During SVB Shock
USDC slipped below $1 after Circle disclosed $3.3B of reserves held at Silicon Valley Bank.
Event date: 2023-03-11
Sources
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Key Facts
Peak metricUSDC traded near $0.88
OutcomePeg restored after depositor backstop
ChainEthereum (stablecoin)
Year2023
Typemilestone
Tags
stablecoin
tradfi
depeg
View Chart
External price/performance context for the historical event.
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