USDC, FRAX and DAI lost their peg to the dollar

Home / USDC, FRAX and DAI lost their peg to the dollar

Stablecoin USDC, FRAX and DAI lost their peg to the dollar.

FRAX’s share of the USDC is over 80% and DAI’s is up to 50%.
Circle reported this morning that $3.3 billion in USDC reserves were stuck in Silicon Valley Bank.

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