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?
The spectacular failure of Terra has caused money to flee from algorithmic stablecoins and has seen many abandon their plans.
Maker DAO is incentivizing DAI holders to convert their stablecoins into the new, reward-yielding USDS, which has a remote freeze capability.
Two Fantom-supported stablecoins, FUSD and USDC.E, had an odd collateral repayment scheme that one user called a ‘forced liquidation.’