The SVB employee bonuses were for work done in 2022 and had been in process days before the company's collapse, sources said.
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According to Circle, USDC liquidity operations will "resume as normal when banks open on Monday morning in the United States," enabling USDC redemption at 1:1 with the U.S. dollar.
The trading freeze follows an analysis from DeFi's risk manager firm Gauntlet Network considering different scenarios for the USD Coin price.
President Joe Biden released his 2024 budget plan Thursday which promises to cut the deficit by $3 trillion over the next decade.
The launch marks the most significant test yet of the company's ambitious manufacturing approach.
Voices from tech and finance are increasingly calling for the federal government to push another bank to take over the failed Silicon Valley Bank.
The U.S. cryptocurrency firm Circle's USD Coin lost its dollar peg and fell to a record low Saturday morning.
Cosmos governance has approved the v9-Lambda upgrade, including interchain security and possibly kicking off a “virtuous real yield cycle.”
The depegging of the USDC stablecoin has affected other stablecoins, wreaking havoc on crypto projects and stakeholders in a massive chain reaction.
Explore decentralized web hosting and how it distributes data securely across a network of nodes.
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