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Delio Curation

USDC Recovers to $0.99, Bitcoin Regains the $22K Mark


The cryptocurrency market has seen a recovery of around $16 billion in total capitalization in the past 24 hours with USDC recovering to $0.99 and Bitcoin regaining $22,000, crypto media outlet CryptoPotato reported on March 13.


On Saturday, the depegging of USDC has been a hot topic, causing the stablecoin to drop below $0.90 for the first time. Circle holds $3.3 billion of the cash reserves backing USDC at Silicon Valley Bank (SVB), which is currently facing regulatory issues, suggesting that until the bank's issues are resolved, USDC is not backed 1-to-1 by the USD. Circle issued a statement reassuring investors that they will cover any shortfall using corporate resources, involving external capital if necessary.


This statement appears to have calmed the sentiment as USDC recovered to around $0.95. Bitcoin has also been able to reclaim the important level of $20,000 and is up about 1.7% on the day, while Ethereum is up around 2.1%. USDC, a stablecoin, is the best performer among the top 10 cryptocurrencies by market cap.


Although centralized exchanges have ceased converting USDC, the stablecoin still contributed to almost one-third of the $90.70 billion in 24-hour worldwide crypto trades. Recent data from indicates that dex trading platforms saw a total settlement of $15.66 billion within the last day, with trades on Uniswap version three alone accounting for $10.13 billion of that amount.



Fee policy for withdrawal of virtual assets

The following fees are charged when withdrawing virtual assets from Delio Bank.

Virtual asset type Transmission fee (Gas fee) Withdrawal fee
Bitcoin (BTC) Charged according to network conditions 2,000 won worth of Bitcoin
Ethereum (ETH) Charged according to network conditions 2,000 won worth of Ethereum
Ripple (XRP) Charged according to network conditions 1 XRP

· There is no fee for transfers within Delio Bank.

· No withdrawal fee is charged for virtual assets other than Bitcoin, Ethereum, and Ripple.

· Please check the transfer fee for virtual assets other than Bitcoin, Ethereum, and Ripple when withdrawing.