How Top Stablecoins Depegged After The Second Largest US Bank Failure

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2 years ago

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.

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