#USDC Fell By -7.5% In One Day ( Its a Stable Coin ) Reason

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#USDC Fell By -7.5% In One Day ( Its a Stable Coin ) Reasons: -Silicoin Valley Bank Collapse: SVB had roughly $209 billion in total assets and $175.4 billion in total deposits. -8.3% i.e, $3.3 billion of the ~$40 billion of USDC reserves remain at SVB #crypto2023 #buildtogether

#USDC  Fell By -7.5% In One Day ( Its a Stable Coin )
Reasons:
-Silicoin Valley Bank Collapse: SVB had roughly $209 billion in total assets and $175.4 billion in total deposits.
-8.3% i.e, $3.3 billion of the ~$40 billion of USDC reserves remain at SVB
#crypto2023  #buildtogether  