The dollar index, which tracks the greenback’s value against major fiat currencies, was trading lower at around 108. The index peaked above 110 last week as the European Central Bank rate hike put a floor under the euro and inflation expectations fell, offering relief to risk assets, including bitcoin.
Circle to ‘Cover Any Shortfall’ in USDC Reserves, Sparking Stablecoin Rally
The company plans to use corporate resources to fill the gap, including external capital. Source link
