Bitcoin fell some 9% in the past 24 hours, the most among major cryptocurrencies, while ether dropped 6%, CoinDesk data shows. Ether dropped to as low as $1,560 during late U.S. hours on Tuesday, before recovering to as much as $1,622 during Asian morning hours on Wednesday.
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