Tag: Depegging
Stablecoin de-pegging plagued USDC and DAI more than others: Analysts
Dollar-pegged stablecoins are not immune to dropping their pegs but some such as Circle’s USD Coin (USDC) and MakerDAO’s Dai (DAI) have been more pron [...]
Circle USDC Rebounds From De-Pegging, but Stablecoin Observers See an Uncertain Future
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Banks collapsing; stablecoins depegging — What is happening? Watch The Market Report live
This week on The Market Report, the resident experts at Cointelegraph discuss all the details regarding the latest bank collapse and the USD Coin (USD [...]
Vitalik Buterin-Named Wallet Sent 500 Ether to Mint RAI, Buy USDC Amid Depegging
USDC depegged over the weekend to 89 cents, and a Buterin-labeled wallet may have bought the dip.
www.coindesk.com [...]
USDC's 'Black Swan' Depegging Could Have Been Avoided With Proper Regulatory Framework
Fissures among the progressive left are primarily responsible for the lack of U.S. regulatory progress around stablecoins, says John Rizzo, senior vic [...]
MakerDAO Weighs Using Emergency Switch to Prevent Future DAI Depegging
Under the proposal, the community would adopt an emergency switch that would pause peg-stability-module (PSM) swaps on its protocol, freezing the toke [...]
Depegging, bank runs and other risks loom – Cointelegraph Magazine
Stablecoins are entering a period of great uncertainty following the U.S. Securities and Exchange Commission labeling BUSD an “unregiste [...]
How Solvency Check Error Led to USP Depegging on Avalanche Based Platypus Finance
Platypus Finance’s native stablecoin fell to 48 cents from $1 earlier on Friday following the attack.
www.coindesk.com [...]
Waves Founder Defends USDN Stablecoin Depegging, Trashes Fears of a UST-Like Implosion; Bitcoin Burrows in Above $20K
With Ethereum's long-awaited transition to proof-of-stake (PoS) fast approaching, blockchain analytics firm Coin Metrics is out with a new report expl [...]
MakerDAO co-founder recommends DAI-USD depegging to limit attack surface
In light of the recent discussions around depegging its native token from USD Coin (USDC) amid sanctioning of Tornado Cash, MakerDAO co-founder Rune C [...]
MakerDAO should ‘seriously consider’ depegging DAI from USD: Founder
MakerDAO founder Rune Chirstensen has urged members of the decentralized autonomous organization (DAO) to “seriously consider” preparing for the depeg [...]
DeFi contagion? Analysts warn of ‘Staked Ether’ de-pegging from Ethereum by 50%
The next big crypto crash could be around the corner due to Lido Staked Ether (stETH), a liquid token from the Lido protocol that is supposed to be 10 [...]
FCA will ‘absolutely’ consider recent stablecoin depegging when drafting crypto rules: Report
Sarah Pritchard, the executive director of markets at the United Kingdom’s Financial Conduct Authority, or FCA, reportedly said the regulator will loo [...]
Is depegging a real threat to financial stability?
This week will be remembered as the one when the stablecoins showed an unexpected ability to depeg. Terra’s TerraUSD (UST) dropped to a shocking $0.29 [...]
Stablecoins’ recent de-pegging is not a ‘real threat to financial stability,’ says Janet Yellen
According to United States Treasury Secretary Janet Yellen, the stablecoin market is not at the scale at which the drop in the price of TerraUSD (UST) [...]