Author: Content Editor
The stablecoin USD0 has experienced a $340 million decrease in its supply over the past four days, coinciding with an 8% decline in the value of its derivative token USD0++. The decrease in supply and decline in value are a result of protocol changes related to USD0++. The non-staked USD0 has maintained its $1 peg but has seen a reduction in market capitalization. The governance token USUAL has also experienced declines. These fluctuations highlight the impact of protocol changes on market sentiment and valuations in the crypto and decentralized finance realms. Despite the turbulence, USD0 remains a top-ten stablecoin.