# USDC almost re-pegged

**Published by:** [jaymöney.eth](https://paragraph.com/@jaymöney/)
**Published on:** 2023-03-13
**URL:** https://paragraph.com/@jaymöney/usdc-almost-re-pegged

## Content

USDC almost re-pegged • US Treasury Secretary, Federal Reserve Board Chair, and FDIC Chairman have taken actions to protect the US economy and banking system by resolving Silicon Valley Bank and Signature Bank in a way that protects all depositors without taxpayer losses, while shareholders and unsecured debtholders will not be protected, and senior management has been removed. • The Federal Reserve Board will make additional funding available to eligible depository institutions, ensuring the safety of depositors' savings and the resilience of the US banking system. https://home.treasury.gov/news/press-releases/jy1337

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