Gracy Chen is the managing director of Bitget, a cryptocurrency exchange headquartered in Singapore. She was previously an executive at XRSpace, a virtual reality technology company, and also worked for Phoenix Television, one of the largest media conglomerates in China, as an anchor and producer for its technology and finance channel. She graduated from the National University of Singapore and is pursuing an MBA at the Massachusetts Institute of Technology.
USD Coin is going to survive Silicon Valley Bank’s collapse. But it should inspire advocates of cryptocurrency to prepare for future systemic shocks.
USDC depegged because of Silicon Valley Bank, but it's not going to default