USDC operations reopen after the March 2023 banking weekend — Stablecoin Event

Identity and classification

Overview

Date, taxonomy, impact, recovery, mechanism, confidence, and evidence remain separate.

Date	2023-03-13
Public event category	Recovery
Canonical event subtype	Depeg Recovery Context
Structured detail kind	Redemption Change
Stablecoin subjects	USD Coin
Organization subjects	Circle
Impact	Medium
Effect on stablecoin lifecycle	No lifecycle change
Canonical status-effect value	No recorded change
Recovery or reversal	Recovered
Recovery date	2023-03-13
Cause or mechanism	Operational reopening and recovery context after the banking-crisis weekend.
Structured detail coverage	Structured fields available below
Record confidence	Medium

Date: 2023-03-13
Public category: Recovery
Canonical subtype: Depeg Recovery Context
Structured detail kind: Redemption Change
Impact: Medium
Status effect: No lifecycle change
Recovery: Recovered
Recovery date: 2023-03-13
Cause or mechanism: Operational reopening and recovery context after the banking-crisis weekend.
Record confidence: Medium

Affected records

Stablecoin and organization subjects remain separate record groups.

Stablecoin subject

Open the stablecoin dossier for current state, organizations, deployments, evidence, and unknowns.

Organization subject

Open the organization record for roles, relationships, events, evidence, and unknowns.

Typed record

Event-type-specific facts remain visible with explicit value states.

Structured event detail

Redemption-change detail — Summary	Operational reopening and recovery context after the banking-crisis weekend.

Redemption-change detail — Summary: Operational reopening and recovery context after the banking-crisis weekend.

Provenance

Source identity, publisher, publication date, reliability, archive, and relation count remain separate.

1 source identity · 2 evidence relations
Source	Publisher	Source category	Provenance	Primary or secondary	Supported claims	Archive	Reliability
Circle update after federal banking actions in March 2023 Published 2023-03-12	Circle	Official statement or announcement Canonical: Issuer Statement	Subject-controlled source	Primary source	Depeg Recovery, Depeg recovery	No archive recorded	High

Maintenance

Use the documented correction path and methodology.