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Event record

Reviewed event

USDC operations reopen after the March 2023 banking weekend

Circle resumed normal operations after federal measures addressing the banking crisis. This marked the operational recovery phase of the March 2023 USDC depeg.

Date
2023-03-13
Affected records
2 linked records
1 stablecoin · 1 organization
Evidence
1 source
1 evidence relation

Connected records

Affected records

Assets and organizations connected to this event.
StablecoinUSD CoinOrganizationCircle

Sources

Evidence

Sources used for this record, with archival copies where available.
1 source identity · 2 evidence relations
SourcePublisher and dateRelevanceArchive
Circle update after federal banking actions in March 2023
Source details
Source category
Official statement or announcement
Provenance
Subject-controlled source
Primary or secondary
Primary source
Reliability
High
Circle
Published 2023-03-12		Depeg Recovery, Depeg recoveryNo archive recorded
High
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
Record details
Classification, review, and event-specific data
Record ID
sog_ev_usdc_2023_03_operations_reopen
Severity
Medium
Event type
Depeg Recovery Context
Public category
Recovery
Lifecycle effect
No lifecycle change
Recovery or reversal
Recovered
Recovery date
2023-03-13
Cause or mechanism
Operational reopening and recovery context after the banking-crisis weekend.
Structured detail kind
Redemption Change
Record confidence
Medium
Evidence relations
1

Event-specific details

Redemption change

Summary
Operational reopening and recovery context after the banking-crisis weekend.

Maintenance

Corrections and further reading

Use the documented correction path and methodology.