USDC Stablecoin Depegging Causes Crypto Advocates to Worry as 5 Other Stablecoins Drop Below Parity
The recent depegging of the USDC stablecoin has caused a stir among cryptocurrency advocates, as five other stablecoins have also dropped below parity. Stablecoins are digital assets designed to maintain a stable value relative to a fiat currency, such as the US dollar. The recent depegging of the USDC stablecoin has caused concern among cryptocurrency advocates, as it is the first major stablecoin to lose its peg to the US dollar.The depegging of the USDC stablecoin has been attributed to a variety of factors, including market volatility and the increasing