11/25/2023 0 Comments Domino Multiplayer for apple download![]() "There has been a sort of temporary de-risking from the U.S., but it's not a function of regulatory ambiguity," he said. The failure of SVB - along with other regional banks earlier this year - is still causing uncertainty in the market, said Dante Disparte, chief strategy officer and head of global policy at Circle, although he emphasized that growth is not the company’s only metric of success. dollar at points last year: Tether when TerraUSD collapsed in May 2022, and USDC in March when Silicon Valley Bank - where the token's issuer Circle Internet Financial held $3.3 billion of its cash reserves - failed. USD Coin (USDC), the second-largest stablecoin, has seen its market cap slide more than 53% from the all-time high it hit in June last year, and is now hovering above $26 billion.īoth Tether and USDC lost their pegs to the U.S. Though Paxos is maintaining support for BUSD through at least February 2024, a Binance spokesperson said the company is encouraging users to trade their balances for other stablecoins. In February, the New York Department of Financial Services ordered issuer Paxos to stop minting the token, which was once the third-largest stablecoin. ![]() ![]() The market has also been hit by the losses of Binance's dollar-linked token BUSD, which is down about 89% from an all-time high hit in November.
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