Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Moody's Analytics Report Shows Large Cap Stablecoins Depegged Over 600 Times in 2023

Moody's Analytics Report Shows Large Cap Stablecoins Depegged Over 600 Times in 2023

CointimeCointime2023/11/06 18:21
By:Cointime

Moody's Analytics has reported that large cap stablecoins, which have a market capitalization of over $10 billion, have experienced 609 depegs in 2023 so far, compared to 707 in 2022. These depegs, or fluctuations of more than three percent in a day against their fiat peg, are common and can be triggered by macro and coin-specific factors. Notable stablecoin depegs this year include Circle's USDC and Real USD. Moody's new Digital Asset Monitor will track 25 fiat-backed stablecoins and signal the probability of a stablecoin depeg in a 24-hour time horizon.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!