I do not want to cause you panic, but for this incident, let this little badge let us remember this moment 📆 Incident Review In the span of 1 day, the ripple effect of SVB came to the cryptocurrency market. This morning, USDC stablecoin issuer Circle faced a sudden and severe run due to some deposits from SVB as USDC experienced continued de-anchoring. At the same time, centralized trading platforms such as Binance and Coinbase announced the shutdown of some of their USDC exchange services.