Stablecoins' Dollar Peg: Myth or Reality?

Are stablecoins really stable? Last week's $500B crypto sell-off exposed the truth: popular coins like USDC, USDT, and USDe aren't truly pegged to the dollar. NYDIG reveals how these coins float based on supply and demand, and why the one dollar peg is a dangerous myth. Discover the wild price swings, failed stabilization attempts, and the one area that survived the chaos relatively unscathed. Are you rethinking stablecoins yet?The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.