November 8, 2024

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USDC investor shells out $2M to receive $0.05 USDT trying to evade crash

1 min read
USDC investor shells out M to receive alt=

Soon after Circle revealed that

Soon after Circle confirmed that $3.3 billion was stuck with Silicon Valley Bank, a resultant sell-off of USDC caused the stablecoin’s value to drop below its $1 peg.

At the time of writing, USDC has lost over 10% of its value and trades at $0.8774.