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2023-03-13 05:51:04

USDC Re-pegs After Fed’s $25B Bailout, Bitcoin Price Bounces To $22.2k

The post USDC Re-pegs After Fed’s $25B Bailout, Bitcoin Price Bounces To $22.2k appeared first on Coinpedia Fintech News The fear, uncertainty, and doubts surrounding the second largest stablecoin USDC, issued by Circle, have significantly reduced in the past 24 hours following a bailout by the United States Federal Reserve. As a result, Circle’s USDC has re-pegged to the ratio of 1:1 with the United States dollar, following a dip towards $0.87 during the …

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