Post
Topic
Board Altcoin Discussion
Re: What happening with USDC?
by
tvplus006
on 12/03/2023, 22:47:33 UTC
...there's some positive news that's been released about SVB, Silvergate, etc. and that might be the reason for the market's up today.

After the Federal Reserve Board announced that "make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors" - https://www.federalreserve.gov/newsevents/pressreleases/monetary20230312a.htm, the cryptocurrency market began to move up. So we can assume that the value of USDC will be restored already on Monday.