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Coinbase allegedly offered Circle $3B lifeline during USDC depeg

An anonymous source claims Coinbase was about to bail out its partner Circle to bring stablecoin USDC back up to $1 during SVB’s bank-run.

‘Circle Swap’ scam exploits USDC depeg fears, drains ether from wallets

A new scam appears to allow users to avoid the risk of a USDC depeg, but instead it drains the wallet of unsuspecting victims.

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.