USDC-Dpegs - The Debugging of Circle

The Silicon Valley Bank failure directly impacted the stablecoin market. USDC lost its dollar peg and dropped below USD$0.87 on Saturday. The incident provided a wake-up call to investors, demonstrating that not your keys, not your coins,. applies not only to banks but to all centralized entities even those that run our stablecoins. Bitcoin was made for this moment and it seems the market agrees.