Moody’s reports 600 stablecoin depegs in 2023
Moody’s research shows that the stablecoin industry is struggling almost as much as it did in 2022, with hundreds of depegs this year.
183 results found for "Stablecoin peg"
Justin Sun’s stablecoin USDD quietly loses peg amid FTX chaos
Justin Sun’s stablecoin USDD has been unable to maintain a price of $1.00 ever since FTX and Alameda went bankrupt. What’s the deal?
PayPal and Ripple stablecoins still sub-1% despite ‘stablecoin gold rush’
Despite excellent political and banking conditions for stablecoins, PayPal’s PYUSD and Ripple’s RLUSD are still less than 1% of the market.
Ripple billionaires’ RLUSD captures less than 0.04% of stablecoin market
The billionaire-backed Ripple USD (RLUSD) has failed to capture even 0.05% of the stablecoin sector’s market capitalization.
Aave proposal to peg Ethena’s USDe to USDT raises concerns
While keen to avoid being labeled as a stablecoin, Ethena’s USDe is being used as such across some of DeFi’s biggest players.
