Fantom Stablecoin DEI Remains Below Dollar Peg For Third Day, No Updates from the Team

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Fantom Stablecoin DEI Remains Below Dollar Peg For Third Day, No Updates from the Team

   Altcoin News DeFi Market stablecoin terra USDC    May 18, 2022  |  0

 
DEI, a hybrid algorithmic stablecoin of decentralized finance (DeFi) protocol DEUS Finance, has failed to restore its intended peg, currently trading under one dollar for the third day.
The stablecoin first lost its dollar peg on Sunday after a wave of uncertainty incited by the crash of Terra’s decentralized stablecoin UST led to traders exchanging their DEI tokens for USD coin (USDC) amid a small amount of liquidity on decentralized exchanges….
Read More: Fantom Stablecoin DEI Remains Below Dollar Peg For Third Day, No Updates from the Team  Read more »
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