The market value of USDC returned to above $40 billion
It is reported that in the early morning of March 13, Beijing time, after the Federal Reserve announced the new emergency bank regular financing plan and supported the Silicon Valley bank depositors to use funds on Monday, local time, the US dollar anchor price rebounded, and the US dollar anchor has been basically restored. According to the data of coingecko, the current trading price of the US dollar is US $0.991933, up 2.7% in the past 24 hours, and its market value has returned to above US $40 billion, At the time of writing, this article reached US $40427940918. （cryptoglobe）
Interpretation of this information:
The article reports that the Federal Reserve’s newly announced emergency bank regular financing plan has resulted in the US dollar anchor price rebounding after it had previously declined. The plan is supported by Silicon Valley bank depositors who are using funds on Monday. According to data from coingecko, the current trading price of the US dollar is at a 2.7% increase in the past 24 hours, and its market value has returned to over $40 billion. At the time of writing, the article shows that the market value of the US dollar anchor price has reached over $40 billion.
The significance of the reported increase in the US dollar’s anchor price cannot be understated. As a world reserve currency, the US dollar plays a crucial role in global finance, and the stability of its value is paramount. The rebound in the US dollar anchor price shows that the new financing plan from the Federal Reserve has been successful in restoring confidence in the currency’s stability.
The plan is also supported by Silicon Valley bank depositors, who are using funds on Monday to show their trust in the new financing scheme. This move by Silicon Valley bank depositors further strengthens the credibility of the financing plan, signaling that it has found an effective solution to the current financial situation.
In summary, the article reports that the Federal Reserve’s new emergency bank regular financing plan has resulted in a rebound in the US dollar anchor price, with the price trading at a 2.7% increase in the past 24 hours. Silicon Valley bank depositors are using funds on Monday to support the plan, which has restored confidence in the currency’s stability, with its market value retuning to above $40 billion.
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