depeg
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Analysis
Real Estate-Backed US Dollar Stablecoin Built on Polygon Loses 47% of Its Value After Suffering Serious Depeg
A stablecoin built on layer-2 scaling solution Polygon (MATIC) and backed by real estate assets has lost nearly half of…
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Altcoins
USDT depeg sends shivers through traders, but its dominance sustains
USDT’s depegging incident rattles traders with significant market impact and increased activity. Despite the depegging, USDT maintains dominance with the…
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Regulation
Circle CEO Jeremy Allaire Warns Contagion Risks Not Completely Gone Following USDC Depeg
Circle CEO Jeremy Allaire believes that the risks to the banking system haven’t completely disappeared days after the US federal…
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Blockchain
MEV Rewards on Ethereum Reach All-Time High During SVB Bank Run and USDC Depeg
Blockchain Last Friday’s Silicon Valley Bank (SVB) collapse and subsequent contagion around what that means for the crypto industry drove…
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DeFi
Curve Finance trading volume reaches $7B historic high after USDC depeg
Stablecoin swapping pool Curve Finance is experiencing the highest daily trading volume in its history, exceeding $7 billion in the…
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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…
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DeFi
Aavegotchi bonding curve closes on exact day of DAI depeg
According to play-to-earn nonfungible token (NFT) protocol Aavegotchi, on March 11, the entity closed the bonding curve defining the exchange…
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Crypto whales suffer huge losses due to USDC depeg, SVB collapse
In response to the extraordinary depegging event of the USD Coin (USDC) stablecoin caused by the collapse of its counterparty…
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