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USDC Stablecoin Depegs, Crypto Market Goes Haywire After Silicon Valley Bank Collapses

USDC's normally stable price sank to 87 cents from $1 while Ethereum gas fees soared hours after the crypto-tied bank failed.

Updated Mar 13, 2023, 3:09 p.m. Published Mar 11, 2023, 5:51 a.m.
(DALL-E/CoinDesk)
(DALL-E/CoinDesk)