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Coinbase Pauses Conversions Between USDC and U.S. Dollars as Banking Crisis Roils Crypto

Circle earlier confirmed it has $3.3 billion backing its USDC stablecoin parked at now-shuttered Silicon Valley Bank.

Updated May 9, 2023, 4:10 a.m. Published Mar 11, 2023, 4:14 a.m.
Coinbase CEO Brian Armstrong (CoinDesk)
Coinbase CEO Brian Armstrong (CoinDesk)