How the US gov’t bailed out USDC stablecoin

The FDIC has taken over two banks at which Circle held billions of dollars worth of backing for DeFi’s most popular denominator.
The FDIC has taken over two banks at which Circle held billions of dollars worth of backing for DeFi’s most popular denominator.
The move follows the SEC’s demand that crypto exchange Paxos stop minting Binance’s BUSD stablecoin because it may be a security.
It’s unclear where the USDT and USDC have gone, given that data shows more than $81 million worth of the tokens on the Waves DEX protocol.