Depeg


Markets

USDC Stablecoin Momentarily Depegs to $0.74 on Binance

The stablecoin immediately snapped back to its $1 peg on Binance.

USDC momentarily trades at $0.74 (Piret Ilver/Unsplash)

Finance

Crashed Stablecoin Iron Bank Euro (ibEUR) Lacks Fast Repeg Path

The not-so-stablecoin fell in value Monday after a single trader pulled much of the USDC that kept its Curve pool balanced.

Car crash narrow road wedged (Unsplash)

Markets

Tiny Euro-Pegged Stablecoin Surges 200% on Binance Before Exchange Halts Trading Due to 'Abnormal Volatility'

The AEUR-USDT trading pair hit a $3.25 high Tuesday afternoon before Binance suspended trading with the token.

Binance halted trading with the AEUR-USDT pair one day after listing (Binance)

Opinion

Can Stablecoins Get Past Their Instability?

Moody's Head of DeFi Rajeev Bamra considers the role stablecoins play cryptocurrency markets, and the risks posed by "depegging" events.

(Sammie Chaffin/Unsplash, modified by CoinDesk)

Finance

On-Chain Data Reveals How Trading Firms Worked the USDC Stablecoin Repeg

One wallet made $16.5 million in a day trading tether for USD coin and DAI.

Pérdida de paridad de USDC. (Cryptowatch)

Videos

Alameda-Linked Wallet Sent $100M in Stablecoins to Crypto Trading Firms After USDC Depeg

A wallet linked to the liquidators of the Alameda Research estate sent $100 million in stablecoins to crypto trading firms over the weekend. Over $47 million worth of USD coin (USDC), which fell victim to a depeg last weekend amid banking concerns in the U.S., was sent to GSR Markets on Monday, with a further $50.3 million sent to Cumberland across two transactions, according to an on-chain analysis by Arkham Intelligence. "The Hash" panel discusses what this means for the state of stablecoins.

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