Dai (DAI), a #stablecoin issued by #MakerDAO, lost 7.4% of its value due to USDC’s depegging.Given USDC’s collateral #influence, major stablecoin ecosystems followed suit in #depegging from the U.S. dollar.

people say no to #almost everything.” – #Warren Buffett Follow Your Energ Do you find yourself dragging through the da #feeling draine The entire #depegging ordeal started after Circle announced that $3.3 billion of its funds were not #processed for withdrawal by SVB.

If traders and investors adjust their #positions and the stablecoin issuer responds to the #depegging event, the value of the stablecoin may stabilize

#Depegging stablecoins can present several risks and difficulties for investors, traders and the larger #cryptocurrency ecosystem:

Reputation risk: #Depegging stablecoins risks the issuers’ and the larger cryptocurrency #ecosystem’s reputation.

A #depegging event can also be caused by technical problems like smart contract bugs, hacking attacks and #network congestion. For instance,

If traders and investors adjust their #positions and the stablecoin issuer responds to the #depegging event, the value of the stablecoin may stabilize

#Depegging stablecoins can present several risks and difficulties for investors, traders and the larger #cryptocurrency ecosystem:

Reputation risk: #Depegging stablecoins risks the issuers’ and the larger cryptocurrency #ecosystem’s reputation.

The #depegging of USD Coin (USDC) and Dai (DAI) #from the United States dollar prompted a frenzy of loan

The #depegging of USD Coin (USDC) and Dai (DAI) #from the United States dollar prompted a frenzy of loan#Bitcoin price nears $25K as analysts place bets on CPI impact #COINTELEGRAPH YOUTUB

The USDC price briefly dropped to lows of $0.87 on March. 11. Source: #Cointelegraph The #depegging, 

The #depegging of USD Coin (USDC) and Dai (DAI) #from the United States dollar prompted a frenzy of loan

The #depegging of USD Coin (USDC) and Dai (DAI) #from the United States dollar prompted a frenzy of loan#Bitcoin price nears $25K as analysts place bets on CPI impact #COINTELEGRAPH YOUTUB

The USDC price briefly dropped to lows of $0.87 on March. 11. Source: #Cointelegraph The #depegging, 

The #depegging of USD Coin (USDC) and Dai (DAI) #from the United States dollar prompted a frenzy of loan

The #depegging of USD Coin (USDC) and Dai (DAI) #from the United States dollar prompted a frenzy of loan#Bitcoin price nears $25K as analysts place bets on CPI impact #COINTELEGRAPH YOUTUB

The USDC price briefly dropped to lows of $0.87 on March. 11. Source: #Cointelegraph The #depegging, 

The #depegging of USD Coin (USDC) and Dai (DAI) #from the United States dollar prompted a frenzy of loan

The #depegging of USD Coin (USDC) and Dai (DAI) #from the United States dollar prompted a frenzy of loan#Bitcoin price nears $25K as analysts place bets on CPI impact #COINTELEGRAPH YOUTUB

The USDC price briefly dropped to lows of $0.87 on March. 11. Source: #Cointelegraph The #depegging, 

The #depegging of USD Coin (USDC) and Dai (DAI) #from the United States dollar prompted a frenzy of loan

The #depegging of USD Coin (USDC) and Dai (DAI) #from the United States dollar prompted a frenzy of loan#Bitcoin price nears $25K as analysts place bets on CPI impact #COINTELEGRAPH YOUTUB

The USDC price briefly dropped to lows of $0.87 on March. 11. Source: #Cointelegraph The #depegging, 

The #depegging of USD Coin (USDC) and Dai (DAI) #from the United States dollar prompted a frenzy of loan

The #depegging of USD Coin (USDC) and Dai (DAI) #from the United States dollar prompted a frenzy of loan#Bitcoin price nears $25K as analysts place bets on CPI impact #COINTELEGRAPH YOUTUB

The USDC price briefly dropped to lows of $0.87 on March. 11. Source: #Cointelegraph The #depegging, 

If traders and investors adjust their #positions and the stablecoin issuer responds to the #depegging event, the value of the stablecoin may stabilize

#Depegging stablecoins can present several risks and difficulties for investors, traders and the larger #cryptocurrency ecosystem:

Reputation risk: #Depegging stablecoins risks the issuers’ and the larger cryptocurrency #ecosystem’s reputation.

The #depegging of USD Coin (USDC) and Dai (DAI) #from the United States dollar prompted a frenzy of loan

The #depegging of USD Coin (USDC) and Dai (DAI) #from the United States dollar prompted a frenzy of loan#Bitcoin price nears $25K as analysts place bets on CPI impact #COINTELEGRAPH YOUTUB

The USDC price briefly dropped to lows of $0.87 on March. 11. Source: #Cointelegraph The #depegging, 

#Depegging can create a contagion effect in the #crypto market, particularly if investors perceive it as a sign of broader instability or lack of trust in the market.

The #depegging of USD Coin (USDC) and Dai (DAI) #from the United States dollar prompted a frenzy of loan#Bitcoin price nears $25K as analysts place bets on CPI impact #COINTELEGRAPH YOUTUB

Dai (DAI), a #stablecoin issued by #MakerDAO, lost 7.4% of its value due to USDC’s depegging.Given USDC’s collateral #influence, major stablecoin ecosystems followed suit in #depegging from the U.S. dollar.

people say no to #almost everything.” – #Warren Buffett Follow Your Energ Do you find yourself dragging through the da #feeling draine The entire #depegging ordeal started after Circle announced that $3.3 billion of its funds were not #processed for withdrawal by SVB.

If traders and investors adjust their #positions and the stablecoin issuer responds to the #depegging event, the value of the stablecoin may stabilize

#Depegging stablecoins can present several risks and difficulties for investors, traders and the larger #cryptocurrency ecosystem:

Reputation risk: #Depegging stablecoins risks the issuers’ and the larger cryptocurrency #ecosystem’s reputation.