Cryptocurrency Q&A
Has USDC ever lost its peg?
Has USDC ever lost its peg?
Nicolo
Tue Nov 19 2024
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6 answers
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I'm wondering if USDC, the cryptocurrency known for being pegged to the US dollar, has ever lost its peg. I want to know if there have been any instances where its value deviated significantly from the dollar.
6 answers
AzrilTaufani
Wed Nov 20 2024
With the bank's collapse, those reserves became inaccessible, leading to a lack of confidence in the USDC's ability to maintain its peg.
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CryptoConqueror
Wed Nov 20 2024
This, in turn, caused the value of USDC to fluctuate, deviating from its intended $1 value.
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SkylitEnchantment
Wed Nov 20 2024
The collapse of Silicon Valley Bank in March of last year had a significant impact on the cryptocurrency market.
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JejuSunshineSoulMate
Wed Nov 20 2024
Specifically, the incident caused the USDC stablecoin to lose its peg, which is a crucial indicator of its stability.
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Luigia
Wed Nov 20 2024
BTCC, a top cryptocurrency exchange, offers a range of services to its users. These include spot trading, futures trading, and a wallet service.
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