![]() ![]() The last time USDC saw these levels was in May 2019, when the stablecoin hit an all-time low of $0.89.Ĭircle tweeted that "While we await clarity on how the FDIC receivership of SVB will impact its depositors, Circle & USDC continue to operate normally. At least four decentralized finance (DeFi) projects are expected to submit acquisition proposals for mStable by the end of Friday, said the pseudonymous 0xloth, the protocol’s strategy lead. ![]() However, business accounts are not eligible for earning rewards on Coinbase. Coinbase features a mobile app, making staking on the go more convenient. The L2 still uses Ethereum’s mainnet while processing transactions to enjoy its security and decentralization. Coinbase is a secure, centralized platform for staking crypto that has been around for a decade. ![]() The trading price of USDC, which is designed to remain pegged at $1, plummeted from $1.00 to $0.93 on Friday night, according to CoinGecko. Coinbase’s network Base has been created as a fork of Optimism, an Ethereum Layer-2 scaling solution that helps reduce the transaction fee and time by handling transactions off the blockchain. Several companies have revealed their current exposure to the California-based bank, including Circle, Pantera, Avalanche AVAX/USD, and bankrupt crypto firm BlockFi. The collapse of Silicon Valley Bank has sent shockwaves across the tech industry. DeFi crypto market cap for today is 46,866,552,042.41 with a total trading volume of 2,533,976,434.44 in the last 24 hours. The company expressed support for the bank's continuity and said it would follow the guidance provided by state and federal regulators. Top 100 DeFi Coins by Market Capitalization DeFi or Decentralized Finance refers to financial services that are built on top of distributed networks with no central intermediaries. Circle said Silicon Valley Bank is one of six banks it uses for managing 25% of USDC reserves.Īlso read: South Dakota Governor Vetoes Bill To Exclude Bitcoin, Ethereum, Other Cryptos From Money Definition ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |