Tracing Stablecoin Contagion during the USDC Depeg after the Silicon Valley Bank Collapse

Krongtum Sankaewtong, Stefan Kitzler, Bernhard Haslhofer +1

The March 2023 collapse of Silicon Valley Bank (SVB) disrupted the core premise of stablecoins, which are digital tokens designed to maintain a fixed value against the U.S. dollar…