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where were you when usdc depict if youre watching this video chances are you are anxiously eyeing usdcs price as it plummeted to 88 cents asking yourself if the safest stable coin in cryptocurrency was about to go kaput fortunately usdc regained its dollar Peg unfortunately the ordeal has the crypto industry wondering which if any stable coins are safe and it has increased the scrutiny of stablecoin issuers in the USA Today Im going to give you a bit of background about Circle explain exactly why its usdc stablecoin lost its Peg reveal which stable coins are safe to hold and tell you what it all means for the crypto Market quick bit of background to bring you up to speed Circle internet Financial or just plain Circle was founded in 2013. back then its focus was Bitcoin specifically BTC payments like other crypto companies at the time Circle believed that the entire crypto ecosystem would be built on bitcoin this started to change when ethereum launched in 2015. many institutions st