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Depeg

USDC’s Depeg Laid Bare the Risks Traditional Finance Poses to Stablecoins

Different, smaller-circulation stablecoins misplaced their pegs, too, together with BUSD, issued by Paxos, and crypto-backed stablecoin DAI, issued by MakerDAO. Solely USDT appeared...

Stablecoin Issuer MakerDAO Votes to Retain USDC as Primary Reserve Even After Depeg

The choice follows a turbulent interval throughout which USDC briefly misplaced its greenback peg when key banking associate SVB collapsed.

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