Effect of banking #crisis on #Crypto

The Bloomberg report highlights how impactful the collapse of #SiliconValleyBank could have been for several companies, particularly #Circle , which had $3.3 billion in the bank.

SVB's collapse shook investor confidence in Circle's $USDC

Since the incident, USDC's circulating supply fell to $28.18 billion. It did so from a high of more than $44 billion.