USDC issuer Circle remains bullish about its future prospects despite recent liquidity challenges triggered by the collapse of Silicon Valley Bank. Despite facing significant redemptions amidst the US regional banking crisis in March 2023, driven by fear and uncertainty surrounding Circle’s reserves held...
Circle CEO Jeremy Allaire attributes the drastic drop in USDC’s market capitalization to the United States regulators’ intensified scrutiny of cryptocurrencies amid a turbulent financial landscape. In recent news, Circle CEO Jeremy Allaire has attributed the plummeting market capitalization of its stablecoin, USDC,...