CandleFocus Stablecoin Stability Tested: A History of De-Pegging Events
2024-09-10
Author: Content Editor
The recent market upheavals have exposed the challenges faced by stablecoins in maintaining their $1 peg during periods of instability. Both established stablecoins like USDT and USDC, as well as newer algorithmic stablecoins, experienced temporary de-pegging during volatile times. The collapse of the Terra ecosystem and the US banking crisis highlighted the vulnerabilities in the stablecoin market. The removal of TrueUSD from Binance's Launchpool and the launch of Blast token also caused volatility among stablecoins. Stablecoins backed by traditional assets have shown greater resilience, while newer algorithmic stablecoins continue to struggle with maintaining stability. Readers are advised to exercise caution and are reminded that the information in the article does not constitute financial advice.
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