Small-cap Stablecoins Struggle to Maintain Peg as Crypto Market Crashes

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Small-cap Stablecoins Struggle to Maintain Peg as Crypto Market Crashes

   Altcoin News Binance Market stablecoin Tether TRON USDC usdt Waves    May 12, 2022  |  0

 
Some smaller-cap stablecoins are struggling to maintain their targeted peg, which is mainly USD 1, amid a huge bloodbath in crypto that has wiped off billions from the market.
The development follows a depeg seen by Terra (LUNA)’s decentralized stablecoin UST, which seems to have placed the entire market into jeopardy. At 10:30 UTC, UST was down 17.5% to USD 0.4….
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