DAYPPX In-Depth Analysis: The USDC De-pegging Event and Future Directions of the Crypto Market
Recently, the closure of Silicon Valley Bank due to insolvency by financial regulators has sparked widespread panic in the global financial markets. This event notably impacted the cryptocurrency market, where the stablecoin USDC temporarily de-pegged, causing short-term volatility and uncertainty. DAYPPX believes this incident not only highlights the vulnerabilities within the traditional financial system but...