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.
Moody’s research shows that the stablecoin industry is struggling almost as much as it did in 2022, with hundreds of depegs this year.
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?
Ripple CEO Brad Garlinghouse mentioned that he believes the US government is targeting Tether, earning a lengthy response from Paolo Ardoino.
Sun’s USDD is meant to stay priced at a dollar via a series of algorithmic mechanisms but it’s deviated 3% and currently trades for $0.97.
Newly-launched ‘synthetic dollar’ Ethena says it’s banking on using CEX liquidity rather than the less popular decentralized exchanges.