Panic ensues as USDC, 5th largest crypto coin, loses peg with dollar
Panic over the solvency of Circle, a major US-based crypto firm, grew overnight and Circle management had to reassure customers that their funds would be protected. USDC, the second-largest stablecoin and fifth-largest cryptocurrency according to market cap, lost its peg to the dollar on Saturday morning as a result of some a good $2 billion […]