Tag: depeg
USDC Stablecoin Momentarily Loses $1-Peg on Binance, Slides to $0.74 Before Rebounding
The 2% market depth on Binance for the USDC/USDT pair is skewed to the upside, with $26 million in orders stacked up to $1.02 and $6.1 million in orde [...]
Crashed Stablecoin Iron Bank Euro (ibEUR) Lacks Clear Repeg Path
The minor alternative stablecoin, which has an $11 million market cap, dropped from its normal price of $0.97 to as low as $0.39 Monday after a shakeu [...]
Can Stablecoins Get Past Their Instability?
Stablecoins, cryptocurrencies designed to hold a stable value through a peg to an underlying asset, such as the U.S. dollar, have gained popularity fo [...]
Trader swaps 131k stablecoins for $0 during USDR depeg
During yesterday's real-estate-backed U.S. dollar stablecoin Real USD (USDR) crisis, a trader appears to have swapped 131,350 USDR for 0 USD Coin (USD [...]
Curve pool imbalance triggers USDT depeg concerns: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most signifi [...]
Curve pool imbalance triggers USDT depeg concerns, Tether CTO calls it FUD
Tether-issued USDT (USDT) stablecoin slightly deviated from its dollar peg value on June 15 due to an imbalance in the Curve 3pool. The price of USDT [...]
Uniswap Topped Coinbase’s Trading Volume in March During USDC Depeg, U.S. Crackdown
The DEX, however, has been unable to maintain elevated periods of trading volumes in the past, CCData noted.
www.coindesk.com [...]
USDC’s Depeg Laid Bare the Risks Traditional Finance Poses to Stablecoins
Other, smaller-circulation stablecoins lost their pegs, too, including BUSD, issued by Paxos, and crypto-backed stablecoin DAI, issued by MakerDAO. On [...]
Stablecoin Issuer MakerDAO Votes to Retain USDC as Primary Reserve Even After Depeg
The decision follows a turbulent period during which USDC temporarily lost its dollar peg when key banking partner SVB collapsed.
www.coindesk.com [...]
Tether CTO on USDC depeg: ‘Bitcoin maxis were right all along’
At the Paris Blockchain Week 2023, Tether’s chief technology officer Paolo Ardoino spoke with Cointelegraph reporter Joseph Hall to discuss topics lik [...]
Rattled crypto industry could emerge stronger after USDC depeg
USD Coin (USDC), the world’s second-largest stablecoin, may simply have been in the wrong place at the wrong time. The place was Silicon Valley Bank ( [...]
USDC depeg will hinder stablecoins’ growth, increase regulatory scrutiny: Moody’s
Recent turmoil in the traditional banking sector, culminating in USD Coin (USDC) losing its peg, could negatively affect stablecoin adoption and poten [...]
Alameda-Linked Wallet Sent $100M of Stablecoins to Trading Firms After USDC Depeg
Three other wallets previously linked to FTX and Alameda sent $188.58 million to crypto exchanges Coinbase, Kraken and Binance on Tuesday, according t [...]
MEV Rewards on Ethereum Reach All-Time High During SVB Bank Run and USDC Depeg
Toni Wahrstätter, an Ethereum researcher who created a Flashbots MEV-monitoring dashboard, told CoinDesk, “In times of extremely high MEV, it's good t [...]
How and why do stablecoins depeg?
Stablecoins are a type of cryptocurrency designed to have a stable value relative to a specific asset or a basket of assets, typically a fiat currency [...]