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Cryptopolitan
2023-03-11 08:07:50

Binance and Coinbase halt USDC conversions as Silicon Valley Bank collapse sparks crypto crisis

Binance and Coinbase halt USDC conversions as Silicon Valley Bank collapse sparks crypto crisis

On Friday, two top cryptocurrency exchanges, Binance and Coinbase, announced they would suspend USDC conversions temporarily while the repercussions of Silicon Valley Bank’s closure were assessed. However, this was due to worries that Circle— the creator of USDC stablecoin—held some of USDC’s reserves at Silver Valley Bank, which had been shut down by the California … Binance and Coinbase halt USDC conversions as Silicon Valley Bank collapse sparks crypto crisis Read More »

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