Depeg

(Sammie Chaffin/Unsplash, modified by CoinDesk)
Can Stablecoins Get Past Their Instability?
Moody's Head of DeFi Rajeev Bamra considers the role stablecoins play cryptocurrency markets, and the risks posed by "depegging" events.
(Sammie Chaffin/Unsplash, modified by CoinDesk)

USDC's depeg. (Cryptowatch)
On-Chain Data Reveals How Trading Firms Worked the USDC Stablecoin Repeg
One wallet made $16.5 million in a day trading tether for USD coin and DAI.
USDC's depeg. (Cryptowatch)

Alameda-Linked Wallet Sent $100M in Stablecoins to Crypto Trading Firms After USDC Depeg
Alameda-Linked Wallet Sent $100M in Stablecoins to Crypto Trading Firms After USDC Depeg
A wallet linked to the liquidators of the Alameda Research estate sent $100 million in stablecoins to crypto trading firms over the weekend. Over $47 million worth of USD coin...
Alameda-Linked Wallet Sent $100M in Stablecoins to Crypto Trading Firms After USDC Depeg