The latest price moves in crypto markets in context for August 22, 2023.
The Merit Circle price is $0.30, a change of -0.66% over the past 24 hours as of 6:27 a.m. The recent price action in Merit Circle left the tokens market capitalization at $135,507,493.63. So far this year, Merit Circle has a change of 9.93%. Merit Circle is classified as a Computing under CoinDesks Digital Asset Classification Standard (DACS).
The Centre Consortium, jointly managed by Circle and Coinbase, is being shut down and Circle is bringing issuance and governance of the USDC stablecoin in-house.
Similar imbalances happened when Terra imploded in May 2022 and after the Silicon Valley Bank crisis hit USDC issuer Circle in March.
Repurchase agreements will keep being part of the reserve fund, Circle’s chief financial officer said Wednesday during a company call.
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