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Remember how USDC fell to 86 cents in March 2023 amid the collapse of Silicon Valley Bank, where the issuing company Circle was stuck with 8 percent of the token's collateral for several hours? Apparently, this event turned out to be the largest decoupling among the stables this year.

Here is the relevant chart from Kaiko.

Remember how USDC fell to 86 cents in March 2023 amid the collapse of Silicon Valley Bank, where the issuing company Circle was stuck with 8 percent of the token's collateral for several hours? Apparently, this event turned out to be the largest decoupling among the stables this year.

Here is the relevant chart from Kaiko.


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