1 / 1 Relevant items tagged with #Depeg

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Can liquid staking tokens depeg due to market volatility?

[Oct 19 10:57 AM] Some top LSTs have previously seen price deviations of up to 77% from Ether’s price due to mass sell-offs paired with liquidations on leveraged lending protocols.

Synthetix Stablecoin SUSD Drops Below $1 Parity, Struggles to Rebound

[May 17 7:47 AM] According to current market prices, the synthetix usd (SUSD) stablecoin has fallen from its intended $1 parity. Charts show the token dipped to a low of $0.915 and is now trading at $0.958 per unit as of 8 a.m. EDT on Friday. SUSD Stablecoin…

USDE and FDUSD Experience Brief Depegs Amid Saturday’s Crypto Market Shake-Up

[Apr 14 8:40 AM] The fifth-largest stablecoin in the crypto economy by market capitalization, Ethena’s USDE, temporarily detached from its peg on Saturday amid market declines. Data reveals that the token, designed to mirror the U.S. dollar’s value…

Stablecoin TUSD Remains Below Intended $1 Peg as Avara’s GHO Surges to Near-Peg Heights

[Jan 25 12:30 PM] Market analysis reveals ongoing stability challenges for the stablecoin trueusd in maintaining its targeted $1 peg. As of 10:30 a.m. Eastern Time (ET) on Jan. 25, 2024, the token’s trading value fluctuated between $0.979 and $0.981…

TUSD’s Stability Wavers — Value Fluctuates Below $1 Peg Amid Market Turbulence and Binance’s Dominant Hold

[Jan 16 11:30 AM] Market insights reveal that on January 15, 2024, the stablecoin TUSD deviated from its usual $1 parity, dipping to $0.979 per coin the next day. By 10:00 a.m. Eastern Time (ET) on Tuesday, it managed to recover slightly, climbing above the $0.99…

USDC Stablecoin Momentarily Depegs to $0.74 on Binance

[Jan 3 9:29 AM] Circle's USDC stablecoin spiked down to as low as $0.74 on three occasions today following a marketwide sell-off spurred by a report casting doubt over whether a spot bitcoin ETF will be approved this month.

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

[Dec 19, 2023 11:42 AM]

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

[Dec 5, 2023 4:39 PM] The AEUR-USDT trading pair hit a $3.25 high Tuesday afternoon before Binance suspended trading with the token.

Can Stablecoins Get Past Their Instability?

[Nov 9, 2023 10:06 AM]

Stablecoin issuer Circle weighing up 2024 public launch: Report

[Nov 7, 2023 8:49 PM] Circle initially agreed to go public as part of a $4.5 billion merger in July 2021 but that deal fizzled out.

Terraform Labs contends Citadel Securities had a hand in its stablecoin collapse

[Oct 12, 2023 10:57 PM] Terraform Labs has urged the judge to grant its motion to compel trading data from Citadel Securities, which it says had a hand in the collapse of USTC in May 2022.

USDR stablecoin depegs to $0.53, but team vows to provide solutions

[Oct 11, 2023 5:44 PM] Real-estate-backed stablecoin USDR fell to $0.53 per coin on Oct. 11, but the team said it was merely a liquidity issue and that real estate holdings and digital assets will be used to support redemptions.

Terra interim CEO says any 'little progress' made gets derailed by accusations

[Jul 22, 2023 8:47 PM] Terraform Labs recently appointed CEO, Chris Amani, held a Twitter Spaces with the purpose of separating the operations of Terraform Labs from Do Kwon’s personal affairs.

Stablecoin dominance slides as market cap falls to near 2-year lows: CCData

[Jul 20, 2023 9:07 PM] After 16 consecutive months of decline, the stablecoin market dominance has fallen to 10.3% of the total crypto market capitalization.

Italy’s central bank calls for framework to prevent stablecoin runs

[Jun 28, 2023 7:44 PM] Bank of Italy is calling for closer regulator scrutiny of stablecoins, which they say “have not proved stable at all.”

‘Over-Collateralization Can Help Mitigate the Risk of Stablecoin Depegging’ — Pendulum CTO

[Apr 5, 2023 2:30 AM] Despite being touted as a game-changing innovation, the decentralized finance (defi) ecosystem is still not connected to fiat rails largely because of regulatory and compliance issues, Torsten Stuber, the CTO at Pendulum says. According to Stuber…

MakerDAO Maintains Trust In USDC Despite Depeg Debacle

[Mar 25, 2023 10:15 PM] MakerDAO, the governance community of the popular DeFi lending platform Maker, has decided to keep using USD coin (USDC) as the primary reserve asset for the DAI stablecoin.  Although USDC experienced a temporary depeg earlier this month, an…

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

[Mar 17, 2023 6:10 AM] Trading firms were quick to jump on the USDC long trade over the weekend as the stablecoin slumped to $0.88 amid banking concerns in the U.S.

Crypto users turned to DEXs, loaded up on USDC after Silicon Valley Bank crash

[Mar 16, 2023 8:02 PM] The collapse of FTX led to a similar exodus from centralized exchanges, as users worried they may lose access to funds during crises.

Circle ‘able to access’ $3.3B of USDC reserves at Silicon Valley Bank, CEO says

[Mar 14, 2023 8:02 PM] Circle’s earlier disclosure that $3.3 billion worth of USDC reserves were held with Silicon Valley Bank resulted in it losing market share to its competitor USDT.

Bitcoin futures premium falls to lowest level in a year, triggering traders' alerts

[Mar 13, 2023 2:20 PM] On March 12, Bitcoin futures traded 5.5% below regular spot exchanges, causing volatility in derivatives markets.

Biden vows to hold those responsible for SVB, Signature collapse

[Mar 12, 2023 10:57 PM] US President Joe Biden on Twitter said he is "firmly committed" to holding those responsible for the Silicon Valley Bank and Signature Bank collapse "fully accountable."

How and why do stablecoins depeg?

[Mar 12, 2023 6:07 AM] Discover the causes and mechanisms behind stablecoin depegging.

Report: Before the Bankruptcy Filing, FTX Co-Founder SBF Was Told by Crypto Execs to ‘Stop Trying to Depeg Stablecoins’

[Dec 11, 2022 12:30 PM] According to a recent report published by the Wall Street Journal (WSJ), cryptocurrency executives were allegedly concerned that Sam Bankman Fried’s (SBF) Alameda Research was trying to “depeg stablecoins.” Purportedly, high-up…

Terra Supporters Hope to ‘Defy the Odds’ by Pumping the Now-Defunct Stablecoin USTC Back to $1 Parity

[Nov 28, 2022 11:05 AM] It’s been six months since Terra’s algorithmic stablecoin UST (now USTC) depegged from the U.S. dollar and the price has remained depegged from the greenback since May 9, 2022. Currently, the former stablecoin is exchanging hands for $0.02 per…

Crypto Twitter calls for calm after wETH insolvency joke goes viral

[Nov 27, 2022 9:01 PM] Ethereum bull Anthony Sassano and Gnosis co-founder Martin Köppelmann were among those explaining later that the Wrapped Ethereum (wETH) FUD was part of an inside joke.