The fall of the USDC currency, options for the development of events – Analytics & Forecasts – 12 March 2023

USDC was one of the stablecoins, a coin pegged to the US dollar at a ratio of 1:1. It was co-created by Circle and Coinbase in 2018.

Recently, the USDC rate has remained stable against the US dollar, but the other day on March 11, the coin rate fell by 10%

This fall is connected with the bankruptcy of Silicon Valley Bank, in which the creators of the stablecoin kept part of the collateral for $3.3 billion.

Options for the development of the situation

I think that the bank will be saved from bankruptcy, and, accordingly, the USDC coin rate will be restored, so one of the options to make money on this is by buying a coin with a discount.

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