by U.Today, the depegging of USDC and the woes of the firm were considered good for the industry, as investors were now turning to Bitcoin as a refuge.As a business that operates in an industry with a high level of volatility, Circle has done the best it can to reassure investors of the safety of their funds. The stablecoin is nowreclaimed
$21,000 over the weekend amid the SVB chaos and is changing hands at $22,451.92, up 9.25% over the past 24 hours after plunging as low as $19,628.25 over the trailing seven-day period. The recovery of Bitcoin and the assurances from Circle are likely to position the industry for a more sustained short-term recovery.
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