Trading firms were quick to jump on the USD coin (USDC) long trade last weekend as the stablecoin, which was meant to be pegged 1:1 to the U.S. dollar, fell to as low as 87 cents on news that Circle Internet Financial, the token’s issuer, had exposure to Silicon Valley Bank, the bank that collapsed last Friday.
Strategies for Investing in Cryptocurrencies Beyond Bitcoin in the Evolving Crypto Market
Diversification: While bitcoin remains the cryptocurrency pioneer, the market now boasts thousands of alternative digital assets. Investors seek exposure to...