CryptoCompare investigates how the USDC behaved after the collapse of SVB.
Despite the short-term liquidity crunch, Circle's stablecoin maintained positive fund flows.
Centralized
exchange trading volumes for the USDC/USDT stablecoin pair surged 828% to
$6.1 billion on 11 March 2023, as investors sought to switch from USDC to other tokens after the fallout of Silicon Valley Bank (SVB) in which Circle,
the stablecoin issuer, held $3.3 billion of reserves.
USDC Faced Depeg After SVB
Collapse
According
to the newest market analysis published by CryptoCompare, the collapse of SVB has lifted
the trading volume of the popular stablecoin, including decentralized
exchanges. Additionally, CryptoCompare reported an increase in USDC trading against the
US dollar.
SVB was
shut down by the California Department of Financial Protection and Innovation
on 10 March without any apparent reason for the sudden move. Reports suggest
that the bank was facing severe liquidity problems and was on the verge of
collapse. It emerged that the issuer of the USDC stablecoin, Circle, holds $3.3
billion (8%) of the funds backing the USDC in SVB.
The event
triggered a market panic, leading investors to sell off their USDC tokens and
switch to other commonly used stablecoins or the US dollar. Consequently, the
stablecoin's value disconnected from its fixed exchange rate with the USD. At
its lowest point, USDC traded for only 88 cents during the Saturday session.
However, the situation stabilized on Monday, and the exchange rate has now
reached $0.9994.
USDC's Peg Falls to an All-Time Low of $0.8726. Source: CryptoCompare
A study
by CoinGecko showed that USDC supply dropped 9% amid the SVB crisis, while TUSD and
DAI stablecoins gained the most traction. Their market supply rose by 57.4% and
27.4%, accordingly. DAI saw the most significant gain in interest with an
increase of 1.35 billion in absolute terms. At the same time, USDT, TUSD, and FRAX followed
with supply growth of 0.94 billion, 0.73 billion, and 0.69 billion,
respectively.
High USDC Volatility and a Visible
Jump in Trading Volumes
"On 11
March, USDC-USDT centralized exchange trading volumes soared 828% to $6.1bn, as
market participants looked to flee USDC and migrate to a 'safer' stablecoin.
Moreover, the USDC-USD trading pair saw a substantial increase in trading volume
during this time," CryptoCompare commented in its report.
There was a
significant increase in decentralized exchange (DEX) volumes as well, from
$7.14 billion on 10 March to $25.0 billion on 11 March, indicating a 249%
surge. Alongside this, Ethereum gas fees observed a new high in 2023, reaching
101 Gwei, as there was an uptick in blockchain network activity.
Despite the
temporary collapse of the market and its liquidity, there were no negative USDC
outflows from traditional cryptocurrency exchanges. Ultimately, the overall fund
flows turned positive for Circle's stablecoin.
"We
attribute this to some traders trying to make arbitrage profit from the USDC
peg as seen when analyzing trades using CryptoCompare trade data,"
CryptoCompare explained.
CryptoCompare's
analysis concludes that recent events have shown that crypto is still heavily
dependent on traditional finance, exposing the fragility of centralized
stablecoins. Circle has proven to effectively manage its collateral reserves,
which is essential for long-term confidence in its ability to navigate
potential issues with traditional banking.
However, the
collapse of SVB highlights the impact of the Federal Reserve's (Fed) interest
rate hikes on the financial system, which has caused a Fed-induced crisis due
to "inaccurate interest rate forecasts" and "the fastest
interest rate hikes" in US monetary history.
Centralized
exchange trading volumes for the USDC/USDT stablecoin pair surged 828% to
$6.1 billion on 11 March 2023, as investors sought to switch from USDC to other tokens after the fallout of Silicon Valley Bank (SVB) in which Circle,
the stablecoin issuer, held $3.3 billion of reserves.
USDC Faced Depeg After SVB
Collapse
According
to the newest market analysis published by CryptoCompare, the collapse of SVB has lifted
the trading volume of the popular stablecoin, including decentralized
exchanges. Additionally, CryptoCompare reported an increase in USDC trading against the
US dollar.
SVB was
shut down by the California Department of Financial Protection and Innovation
on 10 March without any apparent reason for the sudden move. Reports suggest
that the bank was facing severe liquidity problems and was on the verge of
collapse. It emerged that the issuer of the USDC stablecoin, Circle, holds $3.3
billion (8%) of the funds backing the USDC in SVB.
The event
triggered a market panic, leading investors to sell off their USDC tokens and
switch to other commonly used stablecoins or the US dollar. Consequently, the
stablecoin's value disconnected from its fixed exchange rate with the USD. At
its lowest point, USDC traded for only 88 cents during the Saturday session.
However, the situation stabilized on Monday, and the exchange rate has now
reached $0.9994.
USDC's Peg Falls to an All-Time Low of $0.8726. Source: CryptoCompare
A study
by CoinGecko showed that USDC supply dropped 9% amid the SVB crisis, while TUSD and
DAI stablecoins gained the most traction. Their market supply rose by 57.4% and
27.4%, accordingly. DAI saw the most significant gain in interest with an
increase of 1.35 billion in absolute terms. At the same time, USDT, TUSD, and FRAX followed
with supply growth of 0.94 billion, 0.73 billion, and 0.69 billion,
respectively.
High USDC Volatility and a Visible
Jump in Trading Volumes
"On 11
March, USDC-USDT centralized exchange trading volumes soared 828% to $6.1bn, as
market participants looked to flee USDC and migrate to a 'safer' stablecoin.
Moreover, the USDC-USD trading pair saw a substantial increase in trading volume
during this time," CryptoCompare commented in its report.
There was a
significant increase in decentralized exchange (DEX) volumes as well, from
$7.14 billion on 10 March to $25.0 billion on 11 March, indicating a 249%
surge. Alongside this, Ethereum gas fees observed a new high in 2023, reaching
101 Gwei, as there was an uptick in blockchain network activity.
Despite the
temporary collapse of the market and its liquidity, there were no negative USDC
outflows from traditional cryptocurrency exchanges. Ultimately, the overall fund
flows turned positive for Circle's stablecoin.
"We
attribute this to some traders trying to make arbitrage profit from the USDC
peg as seen when analyzing trades using CryptoCompare trade data,"
CryptoCompare explained.
CryptoCompare's
analysis concludes that recent events have shown that crypto is still heavily
dependent on traditional finance, exposing the fragility of centralized
stablecoins. Circle has proven to effectively manage its collateral reserves,
which is essential for long-term confidence in its ability to navigate
potential issues with traditional banking.
However, the
collapse of SVB highlights the impact of the Federal Reserve's (Fed) interest
rate hikes on the financial system, which has caused a Fed-induced crisis due
to "inaccurate interest rate forecasts" and "the fastest
interest rate hikes" in US monetary history.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
KuCoin Rolls Out MiCA-Regulated Crypto Platform Across 29 EU Markets
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
