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Ethereum World News
2023-03-13 15:55:46

Coinbase Reinstates USDC/USD Conversion, Biden Says Banking System Is Safe

Coinbase Reinstates USDC/USD Conversion, Biden Says Banking System Is Safe

Summary: Crypto exchange Coinbase reinstated USDC/USD conversions on Monday after turbulence over the weekend. Circle previously halted stablecoin minting after troubles in the U.S. banking system involving major banks like Silicon Valley Bank and Signature. President Joe Biden said that the banking system is safe but executives at SVB and Signature must be fired. Major crypto exchange Coinbase restarted conversions for the USDC/USD pair on Monday following turbulence with U.S. banking partners over the weekend. Coinbase previously halted conversions on

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