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Mar 23
Coinbase offered Circle $3b credit line to repeg USDC
Crypto exchange Coinbase reportedly offered a $3 billion credit line to Circle, the crypto company that issues the USD Coin (USDC) stablecoin, in an effort to bring the stablecoin back to its $1 peg. The latest development comes after USDC lost its peg to the U.S. dollar due to Circle’s $3.3 billion exposure to Silicon […]
