Coinbase says it is “temporarily pausing” conversions of USDC into USD during the weekend; USDC traded at ~$0.90 as investors reacted to Circle’s SVB exposure (Suvashree Ghosh/Bloomberg) | Techland

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Suvashree Ghosh / Bloomberg:
Coinbase says it is “temporarily pausing” conversions of USDC into USD during the weekend; USDC traded at ~$0.90 as investors reacted to Circle’s SVB exposure — USD Coin, the stablecoin issued by Circle Internet Financial Ltd., fell further from its dollar peg and traded as low …