Stablecoin Issuer MakerDAO Votes to Retain USDC as Primary Reserve Even After Depeg by BitlyFool | Posted on March 23, 2023 The decision follows a turbulent period during which USDC temporarily lost its dollar peg when key banking partner SVB collapsed.
May 17, 2023 USDC Issuer Circle Moves $8.7B to Repo Agreements to Protect Reserves From U.S. Government Default