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LONDON, March 16 (Reuters) - Crypto investors pulled around $3 billion overall from the stablecoin USDC in three days, the company behind the token said in a blog post on Thursday, as investors rushed to redeem their holdings in the wake of the collapse of Silicon Valley Bank. USDC broke its dollar peg on Saturday after Circle revealed that $3.3 billion of the coin's reserves were at SVB . The rapid outflows come after U.S. banking regulators issued a fresh warning last month that crypto-related deposits in banks could be subject to liquidity risks. In the past week, investors have pulled a net $6 billion from the coin, according to CoinGecko data. "The events of the past week have impacted the liquidity operations for USDC," Circle said.
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