USDC Stablecoin Depegging Causes Widespread Concern Among Crypto Community, 5 Other Stablecoins Drop Below $1 Parity
The crypto community has been abuzz with news of USDC stablecoin depegging, causing widespread concern among investors. USDC, a stablecoin pegged to the US dollar, recently dropped below its $1 parity, causing its value to fall to just $0.95. This is the first time a stablecoin has ever depegged from its dollar parity, and it has caused alarm among crypto investors. The drop in USDC’s value is concerning for many reasons. First, it raises questions about the stability of other stablecoins. If one stablecoin can depeg, then it is possible