Circle, the issuer of USDC, strongly emphasized that USDC will return to its normal value in accordance with its statement.
Contact us to get the latest developments immediately. Twitter You can follow our Telegram channel.
Referring to the recent events, Circle said that all activities will continue as usual on Monday. He added that there should be no panic about USDC and its integration with the US dollar will continue. For Monday in particular, Circle seemed to have investors focused on the process. The giant company, which was heavily affected by the collapse of the Silicon Valley bank, emphasized that the problem will soon be over.
Circle Targets for USDC Monday
One of the main factors that triggered the collapse of the cryptocurrency industry was the issue of stablecoins. With the collapse of Silicon Valley Bank, the money left in the bank hurt many companies. In particular, the significant drop in USDC spooked cryptocurrency investors. Given his statement, Circle emphasized that targeting Monday shouldn’t be of any concern.
Circle stated that it will continue to support USDC, reporting that USDC will continue to maintain a one-to-one exchange rate with the US dollar. He also emphasized that on Monday, USDC will continue to carry out normal activities, otherwise, the company’s resources can be used to solve this problem.
Information source: compiled by 0x information from COINKOLIK.Copyright belongs to the author, without permission, may not be reproduced
0X simplified Chinese version:Circle continues to support USDC