DAI Depegs as Stablecoin Rout Plagues Crypto MakerDAO’s decentralized stablecoin hits an all-time low of 0.88 cents. https://www.coindesk.com/markets/2023/03/11/dai-depegs-as-stablecoin-rout-plagues-crypto/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

USDC Stablecoin and Crypto Market Go Haywire After Silicon Valley Bank Collapses USDC's normally stable price sank to $0.89 from $1 while Ethereum gas fees soared hours after the crypto-tied bank failed. https://www.coindesk.com/markets/2023/03/11/usdc-stablecoin-and-crypto-market-go-haywire-after-silicon-valley-bank-collapses/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

U.S. Lawmakers Met With Fed, FDIC to Discuss Collapse of Silicon Valley Bank: Source Rep. Maxine Waters convened meetings with federal bank regulators in the wake of the bank's collapse. https://www.coindesk.com/policy/2023/03/11/us-lawmakers-met-with-fed-fdic-to-discuss-collapse-of-silicon-valley-bank-source/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Coinbase Pauses Conversions Between USDC and US Dollars as Banking Crisis Roils Crypto Circle's USDC stablecoin was hit by the shutdown of Silicon Valley Bank, one of its key banking partners. https://www.coindesk.com/business/2023/03/11/coinbase-pauses-conversions-between-usdc-and-us-dollars-as-banking-crisis-roils-crypto/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Circle Confirms $3.3B of USDC's Cash Reserves Stuck at Failed Silicon Valley Bank Silicon Valley Bank, one of the reserve banking partner for Circle's USDC stablecoin, was shut down by regulators on Friday. https://www.coindesk.com/business/2023/03/11/circle-confirms-33b-of-usdcs-cash-reserves-stuck-at-failed-silicon-valley-bank/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Circle’s USDC Endured $1B of Net Redemptions Since Silicon Valley Bank's Shutdown Stablecoin issuer Circle held an undisclosed amount of USDC’s cash reserves at failed Silicon Valley Bank. https://www.coindesk.com/markets/2023/03/11/circles-usdc-endured-1b-of-net-redemptions-since-silicon-valley-banks-shutdown/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

USDC Stablecoin Depegs From $1; Circle Says Operations Are Normal USDC dropped to $0.973, its lowest level since the collapse of FTX. https://www.coindesk.com/markets/2023/03/11/usdc-stablecoin-depegs-from-1-circle-says-operations-are-normal/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

USDC Issuer Circle Says it 'Awaits Clarity' From FDIC on Silicon Valley Bank Collapse In its first statement following the collapse of Silicon Valley Bank, Circle declined to state how much cash it has tied up at the bank. https://www.coindesk.com/business/2023/03/11/usdc-issuer-circle-says-it-awaits-clarity-from-fdic-on-silicon-valley-bank-collapse/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Crypto VC Firm Pantera Used Silicon Valley Bank as a Custodian A regulatory filing shows the shuttered bank as one of three custodians for Pantera’s funds. https://www.coindesk.com/business/2023/03/10/crypto-vc-firm-pantera-used-silicon-valley-bank-as-a-custodian/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Who Failed Silicon Valley Bank Depositors? Should we point fingers at Silicon Valley Bank, the Federal Reserve, the banking system, crypto or the depositors themselves? https://www.coindesk.com/consensus-magazine/2023/03/10/who-failed-silicon-valley-bank-depositors/?utm_medium=referral&utm_source=rss&utm_campaign=headlines