Unmanned
vip

The two largest US dollar stablecoins have historically experienced serious de-pegging events. Even so, for citizens of other countries with severe inflation, in the long run, US dollar stablecoins are better than their local currencies 🌍



Two major depegging events:

#USDT: In October 2018, it fell to $0.92 due to market doubts about whether the issuer of USDT, Tether, had sufficient reserves of US dollars, whether it had over-issued USDT, and the lack of independent audits of the reserve reports.

#USDC: In March 2023, it fell to $0.87 due to Circle having $3.3 billion in assets at the bankrupt Silicon Valley Bank, raising concerns about USDC's redemption capability.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)