Eight of the top 10 stablecoins by market cap lost their $1 peg today, with Tether and Binance USD being the only two that held their peg during this turmoil. ๐๐๐
Some doing worse than others, but 8 of the top 10 stable coins are currently no longer worth $1 USD (I've excluded UST and TRIBE since they depegged a while ago and never managed to repeg).
Below are the current prices of the top 10 stablecoins excluding Tether and Binance USD:
Below are the current prices of the top 10 stablecoins excluding Tether and Binance USD:
โซ๏ธUSD Coin (USDC): $0.91 (-9%)
โซ๏ธDAI: $0.9329 (-6.71%)
โซ๏ธTrue USD (TUSD): $0.9935 (-0.55%)
โซ๏ธPax Dollar (USDP): $0.9842 (-1.22%)
โซ๏ธUSDD: $0.9559 (-4.17%)
โซ๏ธGemini Dollar (GUSD): 0.9676 (-2.66%)
โซ๏ธFei USD (FEI): 0.9232 (-7%)
โซ๏ธFRAX: 0.9154 (-8.38%)
โซ๏ธDAI: $0.9329 (-6.71%)
โซ๏ธTrue USD (TUSD): $0.9935 (-0.55%)
โซ๏ธPax Dollar (USDP): $0.9842 (-1.22%)
โซ๏ธUSDD: $0.9559 (-4.17%)
โซ๏ธGemini Dollar (GUSD): 0.9676 (-2.66%)
โซ๏ธFei USD (FEI): 0.9232 (-7%)
โซ๏ธFRAX: 0.9154 (-8.38%)
USDT and BUSD are the only two currently sitting y or above $1 USD.
Weird that the most criticised stablecoins have resisted?
What are your thoughts on this stablecoin massacre ?๐๐
Weird that the most criticised stablecoins have resisted?
What are your thoughts on this stablecoin massacre ?๐๐
Loading suggestions...