The second-largest stablecoin USDC, issued by Circle Financial, fell below $0.90, reaching a low of $0.877 per coin.
We are temporarily pausing purchases using USDC on Ethereum and Polygon. We have also paused loads to the BitPay Card in the app. Further updates will follow here.Following the depegging of USDC, several major crypto exchanges, including Binance and Coinbase, have suspended USDC trades.
on Saturday. “We will continue to evaluate the situation and plan to resume USDC trading as soon as possible.”five different stablecoin projects , including GUSD, DAI, FRAX, USDP, and USDD. FRAX is currently trading for $0.91, USDD is swapping for $0.94, USDP is trading for $0.95, DAI is changing hands for $0.92, and GUSD is trading for $0.97 per unit. The largest stablecoin by market capitalization,
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