CollapseEthereum2023
USDC Depeg During SVB Crisis
USDC briefly lost dollar parity after Circle disclosed reserve exposure linked to Silicon Valley Bank.
Sources
Curated references with status labels so quality can improve transparently over time.
Key Facts
Peak metricUSDC traded below $0.90 intraday
OutcomePeg restored after U.S. banking backstop announcements
ChainEthereum
Year2023
Typecollapse
Tags
stablecoinbankingdepeg
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