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.