USDC-SVB-2023

USDC / Silicon Valley Bank

Stablecoin banking concentration.

RESEARCH · SIMULATION · NOT INVESTMENT PERFORMANCE · NOT INVESTABLE · £0 REAL CAPITAL · PAPER

HINDSIGHT BARRIER — No information published after this simulated timestamp may influence this decision.

Occurred (recorded): 11 MAR 2023 02:00 SAST

First public evidence (recorded): 10 MAR 2023 02:00 SAST

Verification: CORROBORATED

Split: VALIDATION

USDC temporary depeg; banking-reserve disclosure.

What was known — evidence timeline

Published	Source type	Verification	Summary
10 MAR 2023 02:00 SAST	SECONDARY_REPORTING	CORROBORATED	Circle disclosed SVB exposure; USDC traded off peg until resolution path emerged.

Sources

Circle — Wikipedia · SECONDARY_REPORTING

T-minus (deterministic rules, all four models share the evidence gate)

T	Barrier	Known items	State	Action
T-180	12 SEP 2022 02:00 SAST	0	INSUFFICIENT_DATA	NO_ACTION
T-90	11 DEC 2022 02:00 SAST	0	INSUFFICIENT_DATA	NO_ACTION
T-30	09 FEB 2023 02:00 SAST	0	INSUFFICIENT_DATA	NO_ACTION
T-7	04 MAR 2023 02:00 SAST	0	INSUFFICIENT_DATA	NO_ACTION
T-1	10 MAR 2023 02:00 SAST	1	WATCH	WATCH
T0	11 MAR 2023 02:00 SAST	1	WATCH	WATCH

Price-only drawdowns remain NO_ACTION. Structural corroborated events may reach WATCH/ISOLATE. This is not a claim that Duplios operated a live desk at the time.