How Top Stablecoins Depegged After The Second Largest US Bank Failure
It was a wild weekend for stablecoins. USDC depegged from a dollar to as low as $0.88 on Saturday, before bouncing fully back to its dollar peg on Monday. Today we’re looking back over the wild weekend and figuring out what a depegged stablecoin and failing banks could signal for DeFi.
By: Jack Dunham •
CeFiIt was a wild weekend for stablecoins. USDC depegged from a dollar to as low as $0.88 on Saturday, before bouncing fully back to its dollar peg on Monday. Today we’re looking back over the wild weekend and figuring out what a depegged stablecoin and failing banks could signal for DeFi.
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