depeg – DIGIT INFO

Can liquid staking tokens depeg due to market volatility?

DIGIT — Sat, 19 Oct 2024 10:57:01 +0000

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.

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

DIGIT — Fri, 17 May 2024 13:47:34 +0000

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 Plunges to $0.915 Another stablecoin faces challenges in maintaining its 1:1 […]

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

DIGIT — Sun, 14 Apr 2024 14:40:36 +0000

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, declined to $0.965 each. Similarly, the market witnessed the fourth largest stablecoin, FDUSD, fall to a low of $0.9557 per coin. […]

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USDC/USDT Stablecoin Pair Experiences Brief Dip In Value Amidst Market Turbulence

DIGIT — Thu, 04 Jan 2024 02:58:03 +0000

In a recent bout of market turmoil, the trading pair involving Circle’s USDC dollar and Tether’s USDT on Binance witnessed a sudden drop to $0.76 and $0.8 at UTC+8 20:00 and 20:15, respectively. Shortly thereafter, the values swiftly normalized. A similar dip was observed on OKX, with the trading pair reaching $0.955 around 20:00. In today’s panic drop, the USDC/USDT trading pair on Binance dropped to $0.76 and $0.8 at UTC+8 20:00 and 20:15 respectively, and then quickly returned to normal price level. The price of the trading pair also fell to $0.955 around 20:00 on OKX. https://t.co/asYaZGmJma pic.twitter.com/l0yCg2efx2 —

The post USDC/USDT Stablecoin Pair Experiences Brief Dip In Value Amidst Market Turbulence appeared first on The Merkle News.

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Stablecoin issuer Circle weighing up 2024 public launch: Report

DIGIT — Wed, 08 Nov 2023 02:49:46 +0000

Circle initially agreed to go public as part of a $4.5 billion merger in July 2021 but that deal fizzled out.

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

DIGIT — Fri, 13 Oct 2023 04:57:11 +0000

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.

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

DIGIT — Thu, 12 Oct 2023 00:15:34 +0000

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.

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

DIGIT — Sun, 23 Jul 2023 02:47:40 +0000

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.

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

DIGIT — Fri, 21 Jul 2023 03:07:20 +0000

After 16 consecutive months of decline, the stablecoin market dominance has fallen to 10.3% of the total crypto market capitalization.

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

DIGIT — Thu, 29 Jun 2023 02:20:00 +0000

Bank of Italy is calling for closer regulator scrutiny of stablecoins, which they say “have not proved stable at all.”

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