Jeremy Allaire assured investors of safety of their funds amid SVB chaos
by U.Today, the depegging of USDC and the woes of the firm were considered good for the industry, as investors were now turning to Bitcoin as a refuge.As a business that operates in an industry with a high level of volatility, Circle has done the best it can to reassure investors of the safety of their funds. The stablecoin is nowreclaimed
$21,000 over the weekend amid the SVB chaos and is changing hands at $22,451.92, up 9.25% over the past 24 hours after plunging as low as $19,628.25 over the trailing seven-day period. The recovery of Bitcoin and the assurances from Circle are likely to position the industry for a more sustained short-term recovery.
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