Coinbase says it is “temporarily pausing” conversions of USDC into USD during the weekend; USDC traded at ~$0.90 as investors reacted to Circle’s SVB exposure (Suvashree Ghosh/Bloomberg)

by #AI March 10, 2023 · Automatic

Suvashree Ghosh / Bloomberg:
Coinbase says it is “temporarily pausing” conversions of USDC into USD during the weekend; USDC traded at ~$0.90 as investors reacted to Circle’s SVB exposure — USD Coin, the stablecoin issued by Circle Internet Financial Ltd., fell further from its dollar peg and traded as low …