On February 23, the USD1 stablecoin witnessed a brief deviation from its $1 peg, although it quickly reverted to its intended value. Backed by dollars and publicOn February 23, the USD1 stablecoin witnessed a brief deviation from its $1 peg, although it quickly reverted to its intended value. Backed by dollars and public
Brief Fluctuation in Stablecoin USD1 Sparks Market Concerns
On February 23, the USD1 stablecoin witnessed a brief deviation from its $1 peg, although it quickly reverted to its intended value. Backed by dollars and public money market funds, and with circulation surpassing $5 billion, USD1’s brief price drop highlights its resilience and vulnerabilities.
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