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Coinbase premium is usually taken to represent stronger buying pressure from stateside investors. But that's not the case this time.

Tron founder and CEO Justin Sun is among the blockchain industry leading figures that have weighed in on SVB saga and USDC's depeg.

A stablecoin (USDC) is the best performer amid the top 10 cryptocurrencies by market cap for the past 24 hours.

ETH tested resistance at $1,500 on Saturday. However, USD Coin and SVB updates will need to be crypto friendly to return the focus to the Shanghai upgade.

BTC found support at sub-$20,000 on Saturday, with USDC providing modest support. Today, we expect the NASDAQ mini to influence in the final hour.

On March 11, 2023, the decentralized finance project Makerdao issued an emergency proposal following the USDC depegging incident that saw the stablecoin dip down to $0.877 per unit. At the time of writing, Makerdao commands $3.1 billion in USDC collateral that backs a portion of the project's stablecoin, DAI.

MakerDAO issued an emergency proposal to limit exposure to USDC tail risk after the stablecoin depegged overnight.

On March 11, MakerDAO issued an “urgent executive proposal” to mitigate any risks to the protocol associated with its USDC tail risk exposure. Make DAO has over 3.1 billion USDC in collateral backing its DAI stablecoin.

The crypto market has again met with another stablecoin collapse after UST as investors are rushing to withdraw their funds. Circle, the issuer of USD Coin (USDC), today announced that it faced challenges in withdrawing $3.3 billion from its $40 billion deposits at Silicon Valley Bank (SVB).

"Proposal(s) implementing the above changes are expected to be posted in the next ~12 hours or less," says Maker.

Some traders are signaling strength for USD Coin, citing its treasury backing in U.S.-issued bonds.

Bitcoin recovers from the depegging of USDC, the second-largest stablecoin, from the U.S. dollar.

USDC stablecoin is depegging at an alarming rate, falling to as low as $0.89, way off its $1 peg.

SOL and MATIC are among the few notable gainers in the past 24 hours.

According to Paidun's monitoring data, a new transaction using USDC was spotted on March 11.

With the banking giant's demise, are Circle's stablecoin reserves large enough to fully back USDC?

Wallet startup Giddy has a new "autogas" feature for easy onboarding into Polygon.

The FUD is coming from inside the building, says David Z. Morris, CoinDesk's chief insights columnist.

Citizens Trust stated the USDC reserves would support financial literacy and small business funding.

Arkham Intelligence has revealed that Voyager Digital has been selling off large amounts of its crypto holdings on a weekly basis. The company filed for bankruptcy last July.

According to data provided by Dune Analytics, trading firm Genesis had a massive amount of USDC in its reserves. The increasing interest of these firms could be instrumental in helping USDC compete in the stablecoin space.

Throughout the month of February, some $154 million USDC was transferred off Coinbase to a Voyager Ethereum wallet, blockchain data show.

A report by Forbes found that Binance secretly transferred $1.8 billion worth of funds to several hedge funds in August 2022. The funds were meant to back B-peg USDC belonging to the exchange's customers.

The US Securities and Exchange Commission (SEC) issued a Wells notice to the BUSD issuer Paxos earlier this month. Since the Binance CEO, Changpeng Zhao (CZ), broke the news, the second and third-largest stablecoins have witnessed diverse movements.