Event record
Reviewed event
USDC depeg during March 2023 banking crisis
USDC traded below one US dollar after Circle disclosed that part of its reserves was held at Silicon Valley Bank. The peg recovered after federal banking measures and the reopening of normal operations.
- Date
- 2023-03-11
- Affected records
- 2 linked records
1 stablecoin · 1 organization - Evidence
- 2 sources
2 evidence relations
Connected records
Affected records
Assets and organizations connected to this event.Sources
Evidence
Sources used for this record, with archival copies where available.| Source | Publisher and date | Relevance | Archive |
|---|---|---|---|
Circle update on USDC and Silicon Valley Bank exposureSource details
| Circle Published 2023-03-11 | Depeg Event | No archive recorded |
Circle update after federal banking actions in March 2023Source details
| Circle Published 2023-03-12 | Depeg Recovery, Depeg recovery | No archive recorded |
Official statement or announcement
HighCircle update on USDC and Silicon Valley Bank exposure
- Publisher
- Circle
- Published
- 2023-03-11
- Provenance
- Subject-controlled source
- Primary or secondary
- Primary source
- Supported claims
- Depeg Event
- Archive
- No archive recorded
- Reliability
- High
Official statement or announcement
HighCircle update after federal banking actions in March 2023
- Publisher
- Circle
- Published
- 2023-03-12
- Provenance
- Subject-controlled source
- Primary or secondary
- Primary source
- Supported claims
- Depeg Recovery, Depeg recovery
- Archive
- No archive recorded
- Reliability
- High
Maintenance