According to the latest news, the USD Coin (USDC) is slowly regaining its parity with the dollar. This is due to unconfirmed news about the resolution of the SVB case. In addition, Circle has claimed that $3.3 billion of the cash reserves that backed USDC remain in the closed Silicon Valley Bank. For more up-to-date and comprehensive information on the latest USD Coin news, the news section of the USDC website can be accessed.
WRITTEN BY ALAN AUGUSTO ANDRADA - JAIME KLONER
