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USD Coin regains $1 peg as Circle CEO Allaire thanks feds

USD Coin regains $1 peg as Circle CEO Allaire thanks feds

Jeremy Allaire, CEO and co-founder of Circle, on Sunday thanked the U.S. government and financial regulators for their decisive action to address the risks associated with the fractional banking system.

The stablecoin’s value fell to $0.87 against the dollar on March 11, before gradually recovering to $0.99.

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